Techub News reports that, according to The Paper, the onshore and offshore RMB to USD exchange rates have reached their highest levels in 14 months. According to data from China Monetary Network, the onshore RMB to USD spot exchange rate peaked at 7.0500 during the trading session, marking the first time it has touched the 7.05 mark since October 9, 2024. In the offshore market, according to Sina quotes, the offshore RMB to USD exchange rate peaked at 7.046 during the trading session on December 15, reaching a new high since early October 2024. In terms of the midpoint rate, on December 15, the RMB to USD midpoint rate was reported at 7.0656, a depreciation of 18 basis points. Mingming, the chief economist at CITIC Securities, pointed out that the Central Economic Work Conference mentioned the need to "maintain basic stability of the RMB exchange rate at a reasonable and balanced level". The external environment facing the RMB exchange rate in 2026 is relatively friendly, and the central bank's policy to stabilize the exchange rate will remain flexible and moderate, adjusting to ease expectations of one-sided exchange rate trends. The RMB exchange rate center may gently rise to around 6.9-7.0.