National Bank of Moldova publishes non-cash FX market statistics showing EUR 565.8m intrabank spot sales and no swap or forward turnover

The National Bank of Moldova published its monthly statistics on the Republic of Moldova’s non-cash foreign exchange market, reporting banks’ FX purchases and sales against the Moldovan leu while excluding transactions conducted by the central bank. The release covers the interbank market (trades between commercial banks) and the intrabank market (trades between banks and their customers), with volumes presented in EUR-equivalent. For SPOT transactions (excluding the National Bank of Moldova), interbank purchases totalled EUR 45.9m and interbank sales EUR 23.5m, while intrabank purchases totalled EUR 365.3m and intrabank sales EUR 565.8m. Interbank activity was concentrated in EUR (purchases EUR 44.7m; sales EUR 19.3m) with smaller volumes in USD (EUR 1.2m both buys and sells) and Romanian leu sales (EUR 2.9m), while intrabank flows were dominated by USD (buys EUR 169.5m; sells EUR 208.2m) and EUR (buys EUR 184.3m; sells EUR 292.6m), alongside Romanian leu intrabank sales (EUR 58.9m). The SWAP and FORWARD tables showed no turnover; the methodology notes that SWAP volumes are calculated as a daily weighted average based on the term of the SWAP. The central bank calculates the dataset from banks’ regulatory reports submitted under the framework for setting the official exchange rate of the Moldovan leu, records operations on the transaction date, converts amounts into EUR using monthly average exchange rates, and publishes the statistics monthly by the last day of the month following the reporting period.