Foreign Exchange Market of the Republic Moldova is characterized by the dynamics of the exchange rate and turnover. The exchange rate is calculated as an average rate weighted to the volume of the transactions that took place on the foreign exchange market. Foreign Exchange market turnover consists of the sum of foreign exchange deals that were concluded on different segments of the market, with the exception of those concluded by the national Bank of Moldova. The market segments that are continuously observed are the following: interbank market (foreign exchange deals concluded between authorized commercial banks) and intrabank market (foreign exchange deals concluded between a bank and its client); spot market (where settlement occurs no later than two banking days after the trade date) and forward market (where settlement generally occurs after fixed periods such as: one, two weeks, one month or more). While the exchange rate reflects the dynamic equilibrium between the supply and demand of foreign currency, the turnover reflects overall activity of the foreign exchange market participants.