2023 NIO to GHS Historical Review

YEARLY HIGH

0.3537 GHS

YEARLY LOW

0.2289 GHS

YEARLY AVERAGE

0.3199 GHS

2023 NIO to GHS Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the NIO to GHS exchange rate experienced significant fluctuation. The market reached its absolute peak on February 26, valuing the pair at 0.3537. Conversely, the yearly low was recorded on January 1, dropping to 0.2289.

This high-to-low spread represents a total annual volatility of 0.1248 GHS. From a start-to-finish perspective, comparing the January average rate of 0.3138 to the December average rate of 0.3278, the exchange rate registered a net change of 4.47% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2023 high of 0.3537 was down 12.90% compared to the 2022 peak of 0.4061, 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 1,768 GHS

2022 Average 1,255 GHS

Yearly Trough Low 1,144 GHS

Transaction Impact: A difference of 624.04 GHS purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

0.3455

0.3049

JanuMarcMayJulySeptNove

NIO to GHS 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 0.3213, compared to 0.3184 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0030 points.

H1 Avg (Jan–Jun) 0.3213

H2 Avg (Jul–Dec) 0.3184

Volatility Range Comparison

Volatility

The most volatile month in 2023 was January, with a trading range of 0.1145 GHS (High: 0.3434 / Low: 0.2289). On the other end, December was the most stable month, with a tight range of 0.0025 GHS (High: 0.3289 / Low: 0.3264).

January Spread (Volatile) ±0.1145

December Spread (Stable) ±0.0025

Growth Streaks & Declines

Trends

Between August and December, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 4 straight months. Conversely, the sharpest month-over-month decline occurred between March and April, when the average rate fell by 0.0245 points.

Longest Streak 4 Mo.

Sharpest MoM Drop -0.0245

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (February 2023: 0.3422) against the same month in 2022 (average: 0.1835), the exchange rate shifted by +0.1586 (+86.42%).

2023 Avg (February) 0.3422

2022 Avg (February) 0.1835

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.3434	0.2289	0.3138
February	0.3537	0.3333	0.3422
March	0.3511	0.3185	0.3379
April	0.3295	0.2941	0.3134
May	0.3241	0.2911	0.3110
June	0.3146	0.3046	0.3098
July	0.3179	0.3088	0.3123
August	0.3123	0.3052	0.3083
September	0.3170	0.3115	0.3141
October	0.3252	0.3169	0.3215
November	0.3280	0.3251	0.3263
December	0.3289	0.3264	0.3278