FX.co ★ Thailand’s USD Currency Swaps Edge Higher to $22.8B, Signaling Steady External Liquidity

Thailand’s USD currency swaps rose modestly, with the latest figure reaching $22.8 billion, up from the previous level of $22.4 billion, according to updated data as of 26 June 2026.

The increase suggests a slight uptick in demand for U.S. dollar liquidity via swap arrangements, indicating that Thai financial institutions and counterparties are maintaining or gradually expanding their hedging and funding positions in foreign currency.

While the move is incremental, the higher volume of swaps may reflect ongoing efforts to manage exchange rate risk and support external financing conditions amid a changing global interest rate and capital flow environment.