FX.co ★ Thailand’s USD Currency Swaps Edge Higher to $23.5B, Signalling Stronger FX Position

Thailand’s holdings in U.S. dollar currency swaps rose to $23.5 billion, up from the previous level of $22.7 billion, according to the latest data updated on 10 July 2026.

The increase suggests that Thai authorities and market participants have slightly expanded their use of USD swap lines, potentially to manage foreign exchange liquidity and hedge against currency volatility. While the move is incremental, the higher volume of swaps points to an active stance in maintaining dollar funding access within the financial system.

The growth in USD swap positions will be closely watched by investors tracking Thailand’s external buffers and its approach to navigating global interest rate and currency market conditions.