2024 NIO to KRW Historical Review
A comprehensive breakdown of exchange rate performance throughout the year 2024.
2024 NIO to KRW Performance & Market Timing Review
Analysis of key historical highlights and timing insights for 2024
During 2024, the NIO to KRW exchange rate experienced significant fluctuation. The market reached its absolute peak on December 31, valuing the pair at 40.1687. Conversely, the yearly low was recorded on January 1, dropping to 34.8922.
This high-to-low spread represents a total annual volatility of 5.2765 KRW. From a start-to-finish perspective, comparing the January average rate of 36.1450 to the December average rate of 39.1668, the exchange rate registered a net change of 8.36% (reflecting a strengthening trend).
Looking at year-over-year peak valuations, the 2024 high of 40.1687 was up 8.14% compared to the 2023 peak of 37.1450, 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 2024.
NIO to KRW 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 36.7416, compared to 37.4128 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.6712 points.
Volatility Range Comparison
VolatilityThe most volatile month in 2024 was December, with a trading range of 2.1879 KRW (High: 40.1687 / Low: 37.9809). On the other end, February was the most stable month, with a tight range of 0.4321 KRW (High: 36.4548 / Low: 36.0227).
Growth Streaks & Declines
TrendsBetween September and December, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 3 straight months. Conversely, the sharpest month-over-month decline occurred between July and August, when the average rate fell by 0.8665 points.
Same-Month Historical Baseline
YoY BaselineComparing the current year's strongest month average (December 2024: 39.1668) against the same month in 2023 (average: 35.4921), the exchange rate shifted by +3.6747 (+10.35%).
Monthly Breakdown
Statistical summary for each calendar month.
| Month | High | Low | Average |
|---|---|---|---|
| January | 36.7027 | 34.8922 | 36.1450 |
| February | 36.4548 | 36.0227 | 36.2313 |
| March | 36.6953 | 35.6229 | 36.2293 |
| April | 37.8323 | 36.5792 | 37.2179 |
| May | 37.6351 | 36.6225 | 37.0822 |
| June | 37.8682 | 37.1488 | 37.5441 |
| July | 37.7858 | 37.1671 | 37.5639 |
| August | 37.3966 | 36.0022 | 36.6974 |
| September | 36.5167 | 35.6058 | 36.1403 |
| October | 37.6745 | 36.0341 | 36.9927 |
| November | 38.3007 | 37.3340 | 37.9158 |
| December | 40.1687 | 37.9809 | 39.1668 |