FX.co ★ Thailand’s USD Currency Swaps Edge Higher to $22.3B as of Late February

Thailand’s holdings of U.S. dollar currency swaps have inched up, with the latest data showing a rise to $22.3 billion, up from $22.1 billion previously. The updated figure, recorded on 27 February 2026, signals a modest increase of $0.2 billion in the country’s swap position.

The uptick in USD currency swaps may reflect ongoing demand for dollar liquidity and hedging instruments within Thailand’s financial system, as market participants manage currency exposure and funding needs. While the change is incremental, it offers a snapshot of how Thailand’s authorities and financial institutions are navigating global dollar flows and currency risks at the close of February 2026.