FX.co ★ Thailand’s USD Currency Swaps Hold Steady at $24.6B as of Late July

Thailand’s holdings in U.S. dollar currency swaps remained unchanged at $24.6 billion, according to the latest data updated on 31 July 2026. The figure is identical to the previous reading, indicating a period of stability in the country’s use of swap lines and related USD liquidity arrangements.

The flat reading suggests that Thai authorities have not significantly altered their reliance on U.S. dollar swap instruments in the most recent period. While the data do not provide detail on underlying market drivers, the steady level may reflect a balanced external position and an absence of acute short-term dollar funding pressures in the Thai financial system.

With the indicator holding at $24.6 billion, market participants and policymakers will be watching future releases for any signs of shifting demand for USD liquidity, particularly against a backdrop of evolving global interest rate expectations and capital flow dynamics.