A device for exchange of water molecule and temperature between two fluids. The device comprises thin molecular sieve membrane sheets that allow water molecules to permeate through while blocking cross-over of the exchanging fluids. The device provides two sets of flow channels having a hydraulic diameter ranged from 0.5 to 2.0 mm for respective process and sweep fluid flows. The two sets of the channels are separated by a membrane sheet having a thickness less than 200 μm. The thin molecule sieve membrane may be prepared by forming an ultra-thin zeolite membrane layer on a porous metal-based support sheet which provides very high water permeance so that the exchange can be conducted in a compact membrane module at high throughput. The device can be used to remove water from a process stream of higher water content by use of a sweep fluid of lower water content or higher water affinity. For example, the device can be used to condition outdoor fresh air close to the temperature and humidity of indoor air by conducting humidity and heat exchange between the fresh air flow drawn from outdoors and waste air discharged indoors.