FX.co ★ Thailand’s USD Currency Swaps Edge Lower to $22.8B as of Late January

Thailand’s holdings in USD currency swaps declined slightly, with the latest figure coming in at $22.8 billion, down from the previous level of $23.1 billion. The updated data, released on 30 January 2026, indicate a modest reduction of $0.3 billion in the country’s swap position.

While the change is relatively small, the movement may be monitored by investors and analysts as part of a broader assessment of Thailand’s foreign exchange operations, external liquidity management, and short-term USD funding conditions. The updated reading provides a fresh data point for evaluating the country’s currency market dynamics at the start of 2026.