The Swans sit just three points out of the relegation zone on the back of Saturday's disappointing 2-2 draw with Wolves but Monk is refusing to think about the 'R' word as he feels the Welsh outfit are capable of mixing it with the best.
"We need to make sure the two points doesn't cost us at the end of the season but I am not even thinking about relegation," he told the South Wales Evening Post.
"We have the quality in the squad to do well in this league and we have shown that.
"If we can come to a team like Wolves, who have been in the Premier League for a long time, and play them off the park, we'll be okay.
"Saturday was a real injustice but it's got to be a learning curve for us.
"We are bitterly disappointed, but I do realise that we've set down another marker. If there are not three worse teams than us this season I will shoot myself."