2023 NIO to CDF Historical Review
A comprehensive breakdown of exchange rate performance throughout the year 2023.
2023 NIO to CDF Performance & Market Timing Review
Analysis of key historical highlights and timing insights for 2023
During 2023, the NIO to CDF exchange rate experienced significant fluctuation. The market reached its absolute peak on December 19, valuing the pair at 76.1255. Conversely, the yearly low was recorded on January 18, dropping to 55.5087.
This high-to-low spread represents a total annual volatility of 20.6167 CDF. From a start-to-finish perspective, comparing the January average rate of 56.1614 to the December average rate of 74.2484, the exchange rate registered a net change of 32.21% (reflecting a strengthening trend).
Looking at year-over-year peak valuations, the 2023 high of 76.1255 was up 32.47% compared to the 2022 peak of 57.4671, indicating shifts in long-term support levels.
Comparing the value generated converting 5,000 NIO based on timing:
Trend Visualization
Monthly average fluctuations over the course of 2023.
NIO to CDF 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 58.4652, compared to 69.2913 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 10.8261 points.
Volatility Range Comparison
VolatilityThe most volatile month in 2023 was May, with a trading range of 8.0763 CDF (High: 63.9726 / Low: 55.8963). On the other end, March was the most stable month, with a tight range of 1.1146 CDF (High: 57.0117 / Low: 55.8971).
Growth Streaks & Declines
TrendsBetween January and December, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 11 straight months. No significant month-over-month rate declines were detected.
Same-Month Historical Baseline
YoY BaselineComparing the current year's strongest month average (December 2023: 74.2484) against the same month in 2022 (average: 56.1105), the exchange rate shifted by +18.1379 (+32.33%).
Monthly Breakdown
Statistical summary for each calendar month.
| Month | High | Low | Average |
|---|---|---|---|
| January | 56.6441 | 55.5087 | 56.1614 |
| February | 57.1417 | 55.9693 | 56.5197 |
| March | 57.0117 | 55.8971 | 56.6597 |
| April | 59.9604 | 55.9242 | 56.9944 |
| May | 63.9726 | 55.8963 | 59.8898 |
| June | 65.8920 | 63.6051 | 64.5661 |
| July | 69.7127 | 65.8920 | 67.5843 |
| August | 67.9896 | 66.7579 | 67.6836 |
| September | 68.4270 | 67.1307 | 67.9011 |
| October | 71.1187 | 67.7108 | 68.8406 |
| November | 74.3934 | 67.0565 | 69.4896 |
| December | 76.1255 | 72.5170 | 74.2484 |