2024 BOB to NIO Historical Review
A comprehensive breakdown of exchange rate performance throughout the year 2024.
2024 BOB to NIO Performance & Market Timing Review
Analysis of key historical highlights and timing insights for 2024
During 2024, the BOB to NIO exchange rate experienced significant fluctuation. The market reached its absolute peak on April 20, valuing the pair at 5.3490. Conversely, the yearly low was recorded on February 4, dropping to 5.2890.
This high-to-low spread represents a total annual volatility of 0.0600 NIO. From a start-to-finish perspective, comparing the January average rate of 5.3048 to the December average rate of 5.3235, the exchange rate registered a net change of 0.35% (reflecting a strengthening trend).
Looking at year-over-year peak valuations, the 2024 high of 5.3490 was up 0.17% compared to the 2023 peak of 5.3400, indicating shifts in long-term support levels.
Comparing the value generated converting 5,000 BOB based on timing:
Trend Visualization
Monthly average fluctuations over the course of 2024.
BOB to NIO Seasonal Trends & Volatility Analysis
A structured review of seasonal halves, trading extremes, consecutive streaks, and historical baselines.
Seasonal Halves (H1 vs H2)
SeasonalThe average exchange rate in the first half of the year (H1: Jan–Jun) was 5.3191, compared to 5.3234 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.0043 points.
Volatility Range Comparison
VolatilityThe most volatile month in 2024 was April, with a trading range of 0.0474 NIO (High: 5.3490 / Low: 5.3016). On the other end, June was the most stable month, with a tight range of 0.0193 NIO (High: 5.3344 / Low: 5.3151).
Growth Streaks & Declines
TrendsBetween April and August, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 4 straight months. Conversely, the sharpest month-over-month decline occurred between March and April, when the average rate fell by 0.0045 points.
Same-Month Historical Baseline
YoY BaselineComparing the current year's strongest month average (April 2024: 5.3186) against the same month in 2023 (average: 5.2857), the exchange rate shifted by +0.0329 (+0.62%).
Monthly Breakdown
Statistical summary for each calendar month.
| Month | High | Low | Average |
|---|---|---|---|
| January | 5.3178 | 5.2961 | 5.3048 |
| February | 5.3326 | 5.2890 | 5.3204 |
| March | 5.3307 | 5.3023 | 5.3231 |
| April | 5.3490 | 5.3016 | 5.3186 |
| May | 5.3316 | 5.3052 | 5.3229 |
| June | 5.3344 | 5.3151 | 5.3246 |
| July | 5.3332 | 5.3129 | 5.3268 |
| August | 5.3386 | 5.3097 | 5.3280 |
| September | 5.3296 | 5.3038 | 5.3236 |
| October | 5.3276 | 5.3058 | 5.3210 |
| November | 5.3432 | 5.2992 | 5.3173 |
| December | 5.3274 | 5.3063 | 5.3235 |