National Bank of Moldova publishes FX intervention statistics showing EUR 10.0 million spot purchases and EUR 4.8782 million swap purchases

The National Bank of Moldova published a statistical update on its activity in the interbank foreign exchange market, outlining how it conducts and reports spot transactions and FX swap adjustment operations. For the period covered, its interbank spot operations comprised EUR 10.0 million in purchases and EUR 1.5 million in sales, while FX swap operations comprised EUR 4.8782 million in purchases and no sales, all expressed in EUR equivalent. No forward operations were reported. Interventions are carried out either as direct spot purchases or sales of foreign currency against Moldovan leu (MDL), which affect the money supply, or as adjustment operations via FX swaps, which are reversible and do not have a long-term effect on the money supply. Trades are recorded on the transaction date and converted to EUR using monthly average exchange rates between MDL, EUR and the relevant currency, with USD equivalents calculated using monthly average exchange rates. Swap volumes are calculated as a daily weighted average based on the tenor, so a EUR 10 million swap with a 15-day term in a 30-day month is reported as EUR 5 million. Data on the non-cash foreign exchange market are published monthly, no later than the last day of the month following the reporting month.