Analyst: The stable performance of the RMB exchange rate is the result of a combination of internal and external factors.

Against the background of significant fluctuations in the US dollar index and a decline of over 10% within the year, the renminbi exchange rate against the US dollar has shown resilience in a two-way float, presenting a "stable with a slight strength" pattern. As of July 23, it has appreciated by nearly 2% compared to the beginning of the year and remained relatively stable. Analysts generally believe that the stable performance of the renminbi exchange rate is the result of the intertwining of internal and external factors, with internal driving forces being fundamental. With the prospect of effective support from the economic fundamentals and timely intervention of exchange rate stability tools, the resilience of the renminbi exchange rate is expected to continue.