2023 MVR to NIO Historical Review

YEARLY HIGH

2.4023 NIO

YEARLY LOW

2.3419 NIO

YEARLY AVERAGE

2.3781 NIO

2023 MVR to NIO Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the MVR to NIO exchange rate experienced significant fluctuation. The market reached its absolute peak on November 13, valuing the pair at 2.4023. Conversely, the yearly low was recorded on March 18, dropping to 2.3419.

This high-to-low spread represents a total annual volatility of 0.0604 NIO. From a start-to-finish perspective, comparing the January average rate of 2.3712 to the December average rate of 2.3853, the exchange rate registered a net change of 0.59% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2023 high of 2.4023 was down 0.52% compared to the 2022 peak of 2.4147, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 12,011 NIO

2022 Average 11,629 NIO

Yearly Trough Low 11,709 NIO

Transaction Impact: A difference of 301.81 NIO purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

2.3867

2.3698

JanuMarcMayJulySeptNove

MVR 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 2.3773, compared to 2.3789 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.0016 points.

H1 Avg (Jan–Jun) 2.3773

H2 Avg (Jul–Dec) 2.3789

Volatility Range Comparison

Volatility

The most volatile month in 2023 was November, with a trading range of 0.0460 NIO (High: 2.4023 / Low: 2.3562). On the other end, June was the most stable month, with a tight range of 0.0129 NIO (High: 2.3898 / Low: 2.3769).

November Spread (Volatile) ±0.0460

June Spread (Stable) ±0.0129

Growth Streaks & Declines

Trends

Between March and June, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 3 straight months. Conversely, the sharpest month-over-month decline occurred between August and September, when the average rate fell by 0.0073 points.

Longest Streak 3 Mo.

Sharpest MoM Drop -0.0073

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (November 2023: 2.3820) against the same month in 2022 (average: 2.3363), the exchange rate shifted by +0.0456 (+1.95%).

2023 Avg (November) 2.3820

2022 Avg (November) 2.3363

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	2.3816	2.3608	2.3712
February	2.3957	2.3655	2.3768
March	2.3867	2.3419	2.3739
April	2.3838	2.3554	2.3778
May	2.3951	2.3748	2.3814
June	2.3898	2.3769	2.3825
July	2.3890	2.3615	2.3760
August	2.3908	2.3741	2.3800
September	2.3811	2.3638	2.3726
October	2.3877	2.3653	2.3773
November	2.4023	2.3562	2.3820
December	2.3961	2.3763	2.3853