FX.co ★ Thailand’s USD Currency Swaps Edge Lower to $22.1B as of 20 February 2026

Thailand’s holdings in USD currency swaps slipped slightly, with the latest reading showing a decrease to $22.1 billion, down from a previous level of $22.2 billion. The updated figure, released on 20 February 2026, points to a marginal adjustment rather than a major shift in Thailand’s use of dollar swap positions.

Although the change is minimal, movements in currency swaps are closely watched by market participants as they can reflect evolving liquidity management strategies and hedging needs against foreign exchange volatility. The small decline suggests that, for now, Thailand’s exposure via USD swaps remains broadly stable, signaling no abrupt reallocation in its short-term foreign currency positioning.