FX.co ★ Thailand’s USD Currency Swaps Edge Lower to $21.8B as of Mid-May 2026

Thailand’s stock of U.S. dollar currency swaps declined slightly, with the latest reading falling to $21.8 billion, down from the previous $22.3 billion. The updated figure, released on 15 May 2026, signals a modest reduction in the scale of Thailand’s use of USD swap arrangements.

The movement may reflect shifts in foreign exchange liquidity management or changing demand for U.S. dollars in Thailand’s financial system. While the decrease is relatively small, the data point will be watched by market participants tracking dollar funding conditions, cross-border capital flows, and the broader stability of Thailand’s external position.