2023 NIO to GNF Historical Review
A comprehensive breakdown of exchange rate performance throughout the year 2023.
2023 NIO to GNF Performance & Market Timing Review
Analysis of key historical highlights and timing insights for 2023
During 2023, the NIO to GNF exchange rate experienced significant fluctuation. The market reached its absolute peak on March 3, valuing the pair at 241.7915. Conversely, the yearly low was recorded on December 26, dropping to 232.8301.
This high-to-low spread represents a total annual volatility of 8.9613 GNF. From a start-to-finish perspective, comparing the January average rate of 237.5787 to the December average rate of 234.5914, the exchange rate registered a net change of -1.26% (reflecting a weakening trend).
Looking at year-over-year peak valuations, the 2023 high of 241.7915 was down 8.34% compared to the 2022 peak of 263.7964, 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 GNF 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 236.4342, compared to 235.1488 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 1.2855 points.
Volatility Range Comparison
VolatilityThe most volatile month in 2023 was February, with a trading range of 8.0529 GNF (High: 241.7250 / Low: 233.6722). On the other end, October was the most stable month, with a tight range of 1.5679 GNF (High: 236.2306 / Low: 234.6627).
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 March and April, when the average rate fell by 1.1283 points.
Same-Month Historical Baseline
YoY BaselineComparing the current year's strongest month average (March 2023: 236.6387) against the same month in 2022 (average: 249.5715), the exchange rate shifted by -12.9328 (-5.18%).
Monthly Breakdown
Statistical summary for each calendar month.
| Month | High | Low | Average |
|---|---|---|---|
| January | 241.7582 | 235.6276 | 237.5787 |
| February | 241.7250 | 233.6722 | 236.9073 |
| March | 241.7915 | 234.7976 | 236.6387 |
| April | 237.0583 | 234.5492 | 235.5104 |
| May | 237.1410 | 234.9381 | 236.0127 |
| June | 237.0938 | 235.0003 | 235.9577 |
| July | 236.9863 | 234.4981 | 235.5998 |
| August | 236.9286 | 234.6560 | 235.3695 |
| September | 236.6694 | 234.4742 | 235.2373 |
| October | 236.2306 | 234.6627 | 235.1092 |
| November | 236.5974 | 233.8545 | 234.9855 |
| December | 235.0499 | 232.8301 | 234.5914 |