The Securities Times front-page article 'What Does the Central Bank Stabilize the Exchange Rate?' states that the central bank's stabilization of the exchange rate does not mean that the RMB to USD exchange rate should adhere to a certain point, but rather focuses more on exchange rate expectations and the orderly flow of market forex transactions. As corporate entities and other participants in the forex market deepen their understanding of exchange rate fluctuations, combined with the central bank's accumulated mature experience and market credibility in stabilizing exchange rate expectations over the years, the market has gradually become 'desensitized' to short-term breaches of certain exchange rate levels. While the elasticity of the exchange rate has increased, the volatility of market expectations has decreased. Although the external economic and trade environment is a key variable impacting the RMB to USD exchange rate this year, considering that the current account is still expected to maintain a surplus, and enterprises' awareness and means of managing exchange rate risk are increasingly mature, more importantly, the decisive variables affecting the exchange rate are the domestic economic development momentum and stronger macroeconomic policies. Timely introduction of practical measures with substance is expected to keep the RMB exchange rate stable overall.