2024 MVR to NIO Historical Review

YEARLY HIGH

2.5459 NIO

YEARLY LOW

2.3651 NIO

YEARLY AVERAGE

2.3881 NIO

2024 MVR to NIO Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2024

During 2024, the MVR to NIO exchange rate experienced significant fluctuation. The market reached its absolute peak on May 2, valuing the pair at 2.5459. Conversely, the yearly low was recorded on March 19, dropping to 2.3651.

This high-to-low spread represents a total annual volatility of 0.1808 NIO. From a start-to-finish perspective, comparing the January average rate of 2.3797 to the December average rate of 2.3874, the exchange rate registered a net change of 0.32% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2024 high of 2.5459 was up 5.98% compared to the 2023 peak of 2.4023, 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 12,729 NIO

2023 Average 11,890 NIO

Yearly Trough Low 11,825 NIO

Transaction Impact: A difference of 904.14 NIO purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2024.

2.3997

2.3778

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 2.3848, compared to 2.3914 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.0066 points.

H1 Avg (Jan–Jun) 2.3848

H2 Avg (Jul–Dec) 2.3914

Volatility Range Comparison

Volatility

The most volatile month in 2024 was May, with a trading range of 0.1755 NIO (High: 2.5459 / Low: 2.3704). On the other end, September was the most stable month, with a tight range of 0.0093 NIO (High: 2.4010 / Low: 2.3918).

May Spread (Volatile) ±0.1755

September Spread (Stable) ±0.0093

Growth Streaks & Declines

Trends

Between April and October, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 6 straight months. Conversely, the sharpest month-over-month decline occurred between October and November, when the average rate fell by 0.0143 points.

Longest Streak 6 Mo.

Sharpest MoM Drop -0.0143

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (May 2024: 2.3850) against the same month in 2023 (average: 2.3814), the exchange rate shifted by +0.0035 (+0.15%).

2024 Avg (May) 2.3850

2023 Avg (May) 2.3814

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	2.3864	2.3714	2.3797
February	2.3976	2.3828	2.3890
March	2.3956	2.3651	2.3830
April	2.3922	2.3758	2.3819
May	2.5459	2.3704	2.3850
June	2.4115	2.3809	2.3902
July	2.4007	2.3743	2.3903
August	2.4024	2.3798	2.3922
September	2.4010	2.3918	2.3968
October	2.4071	2.3934	2.3979
November	2.3966	2.3758	2.3836
December	2.3929	2.3767	2.3874