FX.co ★ Thailand’s USD Currency Swaps Edge Up to $24.8B, Signaling Steady FX Positioning

Thailand’s holdings in U.S. dollar currency swaps have inched higher, rising from $24.7 billion to $24.8 billion, according to data updated on 28 August 2026. The modest $0.1 billion increase points to a largely stable use of swap instruments in managing foreign exchange liquidity and hedging needs.

The uptick suggests that demand for dollar funding and hedging in Thailand remains steady, with only marginal adjustment from the previous reading. While the change is small in absolute terms, it confirms that authorities and market participants are maintaining their reliance on USD swap positions as part of broader efforts to manage currency risk and support the country’s external financial stability.