The Chinese currency Renminbi, or the yuan,strengthened by 87 basis points to 6.4716 per U.S. dollar on Friday, according to the China Foreign Exchange Trading system.

On China's foreign exchange spot market, the yuan can rise or fall 0.5 percent from the central parity rate each trading day.

The central parity rate of the RMB against the U.S. dollar is based on a weighted average of prices before the opening of the market each business day.