FX.co ★ Thailand’s USD Currency Swaps Edge Higher to $23.0B as of Early April

Thailand’s holdings in USD currency swaps have inched up, with the latest reading reaching $23.0 billion, up from the previous level of $22.1 billion. The data, updated on 3 April 2026, point to a modest increase of $0.9 billion in outstanding swap positions.

The rise in the indicator suggests that Thailand has slightly expanded its use of USD swap arrangements, which are typically employed for managing foreign exchange liquidity, hedging currency risk, or supporting financial stability. While the move is incremental, the growing volume of swaps may reflect ongoing efforts to fine-tune access to U.S. dollar funding in the country’s financial system.