As Dr. Sean Turnell pointed out, the $ is falling so the kyat "rises".
The $ is falling because of the USA's three trillion dollar and counting war expenditures - and that is only the middle figure of the estimate that Nobel economist Joseph Stiglitz and his co-writer Linda Bilmes made a few years ago.
See my review of Stiglitz and Bilmes' book The Three Trillion Dollar War.
http://www.fpif.org/articles/review_the_three_trillion_dollar_war
Kyi May Kaung
