2023 NIO to COP Historical Review
A comprehensive breakdown of exchange rate performance throughout the year 2023.
2023 NIO to COP Performance & Market Timing Review
Analysis of key historical highlights and timing insights for 2023
During 2023, the NIO to COP exchange rate experienced significant fluctuation. The market reached its absolute peak on January 5, valuing the pair at 136.3388. Conversely, the yearly low was recorded on December 27, dropping to 104.7843.
This high-to-low spread represents a total annual volatility of 31.5544 COP. From a start-to-finish perspective, comparing the January average rate of 129.2117 to the December average rate of 107.9131, the exchange rate registered a net change of -16.48% (reflecting a weakening trend).
Looking at year-over-year peak valuations, the 2023 high of 136.3388 was down 3.27% compared to the 2022 peak of 140.9469, 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 COP 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 125.7259, compared to 110.9395 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 14.7863 points.
Volatility Range Comparison
VolatilityThe most volatile month in 2023 was January, with a trading range of 13.4914 COP (High: 136.3388 / Low: 122.8474). On the other end, November was the most stable month, with a tight range of 4.3561 COP (High: 112.0723 / Low: 107.7162).
Growth Streaks & Declines
TrendsNo 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 9.3118 points.
Same-Month Historical Baseline
YoY BaselineComparing the current year's strongest month average (January 2023: 129.2117) against the same month in 2022 (average: 112.9055), the exchange rate shifted by +16.3061 (+14.44%).
Monthly Breakdown
Statistical summary for each calendar month.
| Month | High | Low | Average |
|---|---|---|---|
| January | 136.3388 | 122.8474 | 129.2117 |
| February | 136.1191 | 126.3554 | 131.4215 |
| March | 133.4166 | 125.9900 | 130.3601 |
| April | 128.2468 | 120.2935 | 124.1709 |
| May | 128.2852 | 120.0719 | 124.2515 |
| June | 121.1013 | 111.4832 | 114.9396 |
| July | 115.5569 | 107.4170 | 111.2767 |
| August | 113.5877 | 107.0714 | 111.3164 |
| September | 112.2308 | 106.6685 | 109.6120 |
| October | 119.1314 | 111.3125 | 115.3856 |
| November | 112.0723 | 107.7162 | 110.1334 |
| December | 109.9469 | 104.7843 | 107.9131 |