2023 MGA to NIO Historical Review

YEARLY HIGH

0.0086 NIO

YEARLY LOW

0.0079 NIO

YEARLY AVERAGE

0.0082 NIO

2023 MGA to NIO Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the MGA to NIO exchange rate experienced significant fluctuation. The market reached its absolute peak on January 28, valuing the pair at 0.0086. Conversely, the yearly low was recorded on December 30, dropping to 0.0079.

This high-to-low spread represents a total annual volatility of 0.0006 NIO. From a start-to-finish perspective, comparing the January average rate of 0.0083 to the December average rate of 0.0080, the exchange rate registered a net change of -3.58% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2023 high of 0.0086 was down 7.38% compared to the 2022 peak of 0.0093, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 43 NIO

2022 Average 43 NIO

Yearly Trough Low 40 NIO

Transaction Impact: A difference of 3.15 NIO purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

0.0085

0.0080

JanuMarcMayJulySeptNove

MGA 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 0.0083, compared to 0.0081 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0003 points.

H1 Avg (Jan–Jun) 0.0083

H2 Avg (Jul–Dec) 0.0081

Volatility Range Comparison

Volatility

The most volatile month in 2023 was January, with a trading range of 0.0005 NIO (High: 0.0086 / Low: 0.0080). On the other end, October was the most stable month, with a tight range of 0.0001 NIO (High: 0.0081 / Low: 0.0081).

January Spread (Volatile) ±0.0005

October Spread (Stable) ±0.0001

Growth Streaks & Declines

Trends

No sustained consecutive month-over-month growth streak of 2+ months occurred in 2023. Conversely, the sharpest month-over-month decline occurred between May and June, when the average rate fell by 0.0001 points.

Longest Streak 1 Mo.

Sharpest MoM Drop -0.0001

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (January 2023: 0.0083) against the same month in 2022 (average: 0.0089), the exchange rate shifted by -0.0006 (-6.79%).

2023 Avg (January) 0.0083

2022 Avg (January) 0.0089

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.0086	0.0080	0.0083
February	0.0086	0.0084	0.0085
March	0.0085	0.0084	0.0085
April	0.0084	0.0083	0.0083
May	0.0084	0.0083	0.0083
June	0.0083	0.0080	0.0082
July	0.0083	0.0080	0.0081
August	0.0082	0.0081	0.0081
September	0.0082	0.0080	0.0081
October	0.0081	0.0081	0.0081
November	0.0082	0.0081	0.0081
December	0.0082	0.0079	0.0080