Аңдатпа
The capital migration is one of the important economic processes in a state. There many reasons for the capitalexports and imports: the investment climate in a country, the changing rate of profit, labor, raw materials,environmental standards, etc. In the circumstances of global financial crises, which unveil the dependence ofcountries, the analysis of capital flows is an essential issue. The result of this analysis is the development ofanti-migration measures. This article deals with the influence of financial instruments of the foreign exchangemarket on the migration of capital in the Republic of Kazakhstan. To date, the majority of transactions areconducted on the foreign exchange market of Kazakhstan, which gives reason to make assumptions about theimpact of the foreign exchange market on the capital flows in Kazakhstan. The article provides statistical datafor the period from 2007 to 2013, a regression analysis, conclusions, and recommendations. The resultingcoefficient of determination at 96% confirms the impact of money market instruments on the capital migration inKazakhstan. Based on the calculated model, we can conclude on the strong interrelation between capital flowsand indicators such as the volume of transactions by resident banks, net operations by exchange offices (Foreignexchange cash), imports/exports of the foreign exchange cash by second-tier banks, the trading volume on theKazakhstan Stock Exchange.