The Chinese currency Renminbi, or yuan, gained 92 basis points to 6.2208 against the U.S. dollar on Friday, [Company Incorporation USA]according to the China Foreign Exchange Trading System.

In China's foreign exchange spot market, the yuan is allowed to rise or fall by 1 percent from the central parity rate each trading day.[Hong Kong company registration]

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