2023 AFN to NIO Historical Review

YEARLY HIGH

0.5301 NIO

YEARLY LOW

0.3995 NIO

YEARLY AVERAGE

0.4451 NIO

2023 AFN to NIO Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the AFN to NIO exchange rate experienced significant fluctuation. The market reached its absolute peak on November 22, valuing the pair at 0.5301. Conversely, the yearly low was recorded on April 18, dropping to 0.3995.

This high-to-low spread represents a total annual volatility of 0.1306 NIO. From a start-to-finish perspective, comparing the January average rate of 0.4106 to the December average rate of 0.5242, the exchange rate registered a net change of 27.68% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2023 high of 0.5301 was up 23.43% compared to the 2022 peak of 0.4295, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

Comparing the value generated converting 5,000 AFN based on timing:

Yearly Peak High 2,650 NIO

2022 Average 1,998 NIO

Yearly Trough Low 1,997 NIO

Transaction Impact: A difference of 653.01 NIO purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

0.5359

0.3953

JanuMarcMayJulySeptNove

AFN to NIO Seasonal Trends & Volatility Analysis

A structured review of seasonal halves, trading extremes, consecutive streaks, and historical baselines.

Seasonal Halves (H1 vs H2)

Seasonal

The average exchange rate in the first half of the year (H1: Jan–Jun) was 0.4159, compared to 0.4743 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.0584 points.

H1 Avg (Jan–Jun) 0.4159

H2 Avg (Jul–Dec) 0.4743

Volatility Range Comparison

Volatility

The most volatile month in 2023 was September, with a trading range of 0.0497 NIO (High: 0.4989 / Low: 0.4492). On the other end, January was the most stable month, with a tight range of 0.0105 NIO (High: 0.4160 / Low: 0.4055).

September Spread (Volatile) ±0.0497

January Spread (Stable) ±0.0105

Growth Streaks & Declines

Trends

Between May and December, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 7 straight months. Conversely, the sharpest month-over-month decline occurred between April and May, when the average rate fell by 0.0038 points.

Longest Streak 7 Mo.

Sharpest MoM Drop -0.0038

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (November 2023: 0.5125) against the same month in 2022 (average: 0.4093), the exchange rate shifted by +0.1032 (+25.21%).

2023 Avg (November) 0.5125

2022 Avg (November) 0.4093

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.4160	0.4055	0.4106
February	0.4156	0.4011	0.4071
March	0.4275	0.4066	0.4167
April	0.4291	0.3995	0.4216
May	0.4239	0.4114	0.4177
June	0.4291	0.4174	0.4216
July	0.4281	0.4154	0.4218
August	0.4507	0.4221	0.4334
September	0.4989	0.4492	0.4695
October	0.4992	0.4667	0.4844
November	0.5301	0.4912	0.5125
December	0.5288	0.5181	0.5242