Thai individuals are rapidly opening FCD (foreign currency deposit) accounts to hold US dollars (now totaling ~860 billion baht) and invest abroad, with account openings jumping 500% year-over-year to 13.65 million. Three main drivers: higher US interest rates vs. Thai rates, rising demand for foreign stock investments (especially tech), and currency diversification. Thai commercial banks are competing with promotional rates to capture this wealth segment, while BOT's FX liberalization since 2020 has made foreign investment easier.