National Bank of Moldova publishes non-cash foreign exchange market statistics excluding its own transactions

The National Bank of Moldova published its monthly statistics on the country’s non-cash foreign exchange market, measuring banks’ foreign currency purchases and sales against the Moldovan leu and excluding transactions conducted by the central bank. The release covers the interbank market and intrabank market and reports turnover for SPOT, SWAP and FORWARD transactions in euro equivalents. For SPOT operations (thousand EUR equivalent), total interbank turnover was 33,154.8 in purchases and 24,187.0 in sales, while intrabank turnover was 328,367.51 in purchases and 604,977.1 in sales, with the largest intrabank volumes in US dollars (104,365.3 purchases and 211,511.8 sales) and euros (210,795.4 purchases and 356,584.1 sales). No SWAP turnover was reported, and FORWARD activity was limited to intrabank euro sales of 1,243.2. The National Bank of Moldova notes that transactions are recorded on the trade date, euro equivalents are calculated using monthly average exchange rates, and SWAP volumes are calculated using a daily weighted average based on the transaction term, with the statistics published monthly by the last day of the month following the reporting month.