2023 NIO to IRR Historical Review
A comprehensive breakdown of exchange rate performance throughout the year 2023.
2023 NIO to IRR Performance & Market Timing Review
Analysis of key historical highlights and timing insights for 2023
During 2023, the NIO to IRR exchange rate experienced significant fluctuation. The market reached its absolute peak on March 18, valuing the pair at 1171.4921. Conversely, the yearly low was recorded on March 26, dropping to 1137.1339.
This high-to-low spread represents a total annual volatility of 34.3582 IRR. From a start-to-finish perspective, comparing the January average rate of 1149.5722 to the December average rate of 1151.6876, the exchange rate registered a net change of 0.18% (reflecting a strengthening trend).
Looking at year-over-year peak valuations, the 2023 high of 1171.4921 was down 2.41% compared to the 2022 peak of 1200.4766, 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 IRR 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 1155.3621, compared to 1154.7336 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.6286 points.
Volatility Range Comparison
VolatilityThe most volatile month in 2023 was March, with a trading range of 34.3582 IRR (High: 1171.4921 / Low: 1137.1339). On the other end, May was the most stable month, with a tight range of 4.5770 IRR (High: 1158.9041 / Low: 1154.3272).
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 November and December, when the average rate fell by 2.9621 points.
Same-Month Historical Baseline
YoY BaselineComparing the current year's strongest month average (March 2023: 1155.2328) against the same month in 2022 (average: 1179.5081), the exchange rate shifted by -24.2754 (-2.06%).
Monthly Breakdown
Statistical summary for each calendar month.
| Month | High | Low | Average |
|---|---|---|---|
| January | 1159.3407 | 1139.3310 | 1149.5722 |
| February | 1163.4140 | 1139.1708 | 1156.9361 |
| March | 1171.4921 | 1137.1339 | 1155.2328 |
| April | 1167.8040 | 1154.8368 | 1157.2167 |
| May | 1158.9041 | 1154.3272 | 1156.7592 |
| June | 1161.7329 | 1153.1462 | 1156.4558 |
| July | 1163.1927 | 1148.9611 | 1156.3400 |
| August | 1158.2946 | 1150.2673 | 1155.6423 |
| September | 1158.7412 | 1151.8478 | 1155.1085 |
| October | 1159.9058 | 1152.4093 | 1154.9735 |
| November | 1161.0630 | 1149.5581 | 1154.6497 |
| December | 1155.3595 | 1145.5153 | 1151.6876 |