FX.co ★ Thailand’s USD Currency Swaps Edge Lower to $22.3B as of March 20, 2026

Thailand’s USD-denominated currency swaps declined slightly, with the latest reading showing a total of $22.3 billion, compared to a previous level of $22.7 billion. The updated figure, dated 20 March 2026, indicates a marginal reduction of $0.4 billion in outstanding USD swap positions.

While the change is modest, the move could reflect shifting demand for dollar liquidity among Thai financial institutions or evolving hedging and funding strategies within the country’s financial system. Market participants may watch upcoming releases closely for signs of whether this easing in USD swap balances continues or stabilizes around current levels.