2023 NIO to AFN Historical Review

YEARLY HIGH

2.5032 AFN

YEARLY LOW

1.8865 AFN

YEARLY AVERAGE

2.2639 AFN

2023 NIO to AFN Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the NIO to AFN exchange rate experienced significant fluctuation. The market reached its absolute peak on April 18, valuing the pair at 2.5032. Conversely, the yearly low was recorded on November 22, dropping to 1.8865.

This high-to-low spread represents a total annual volatility of 0.6167 AFN. From a start-to-finish perspective, comparing the January average rate of 2.4358 to the December average rate of 1.9077, the exchange rate registered a net change of -21.68% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2023 high of 2.5032 was down 16.02% compared to the 2022 peak of 2.9806, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 12,516 AFN

2022 Average 12,550 AFN

Yearly Trough Low 9,432 AFN

Transaction Impact: A difference of 3,083.64 AFN purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

2.5117

1.8527

JanuMarcMayJulySeptNove

NIO to AFN 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 2.4053, compared to 2.1225 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.2827 points.

H1 Avg (Jan–Jun) 2.4053

H2 Avg (Jul–Dec) 2.1225

Volatility Range Comparison

Volatility

The most volatile month in 2023 was September, with a trading range of 0.2216 AFN (High: 2.2261 / Low: 2.0045). On the other end, December was the most stable month, with a tight range of 0.0388 AFN (High: 1.9299 / Low: 1.8912).

September Spread (Volatile) ±0.2216

December Spread (Stable) ±0.0388

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 August and September, when the average rate fell by 0.1764 points.

Longest Streak 1 Mo.

Sharpest MoM Drop -0.1764

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (April 2023: 2.3724) against the same month in 2022 (average: 2.4434), the exchange rate shifted by -0.0709 (-2.90%).

2023 Avg (April) 2.3724

2022 Avg (April) 2.4434

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	2.4659	2.4039	2.4358
February	2.4930	2.4060	2.4568
March	2.4591	2.3395	2.4005
April	2.5032	2.3306	2.3724
May	2.4310	2.3592	2.3940
June	2.3959	2.3302	2.3720
July	2.4076	2.3362	2.3711
August	2.3691	2.2189	2.3076
September	2.2261	2.0045	2.1312
October	2.1428	2.0033	2.0648
November	2.0359	1.8865	1.9528
December	1.9299	1.8912	1.9077