FX.co ★ Thailand’s USD Currency Swaps Edge Up to $25.0B, Signaling Steady Demand

Thailand’s volume of USD currency swaps continued to climb, with the indicator rising to $25.0 billion as of the latest update on 13 November 2026, up from $24.7 billion previously. The increase underscores a modest but steady growth in demand for dollar liquidity and hedging instruments in the Thai market.

The $0.3 billion uptick in USD swaps suggests that market participants — including banks, corporations and investors — are maintaining or slightly expanding their use of swap contracts to manage foreign exchange exposure and funding needs. While the move is incremental, it points to ongoing engagement with USD-denominated instruments as Thailand navigates global financial conditions and currency volatility.