2023 NIO to LAK Historical Review
A comprehensive breakdown of exchange rate performance throughout the year 2023.
2023 NIO to LAK Performance & Market Timing Review
Analysis of key historical highlights and timing insights for 2023
During 2023, the NIO to LAK exchange rate experienced significant fluctuation. The market reached its absolute peak on November 14, valuing the pair at 567.4902. Conversely, the yearly low was recorded on February 18, dropping to 458.8735.
This high-to-low spread represents a total annual volatility of 108.6167 LAK. From a start-to-finish perspective, comparing the January average rate of 465.7374 to the December average rate of 563.2866, the exchange rate registered a net change of 20.95% (reflecting a strengthening trend).
Looking at year-over-year peak valuations, the 2023 high of 567.4902 was up 10.73% compared to the 2022 peak of 512.5000, 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 LAK 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 473.8570, compared to 548.4808 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 74.6238 points.
Volatility Range Comparison
VolatilityThe most volatile month in 2023 was June, with a trading range of 33.8041 LAK (High: 518.5999 / Low: 484.7958). On the other end, March was the most stable month, with a tight range of 4.6743 LAK (High: 464.9351 / Low: 460.2607).
Growth Streaks & Declines
TrendsBetween March and November, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 8 straight months. Conversely, the sharpest month-over-month decline occurred between January and February, when the average rate fell by 3.3134 points.
Same-Month Historical Baseline
YoY BaselineComparing the current year's strongest month average (November 2023: 565.3715) against the same month in 2022 (average: 476.8048), the exchange rate shifted by +88.5667 (+18.58%).
Monthly Breakdown
Statistical summary for each calendar month.
| Month | High | Low | Average |
|---|---|---|---|
| January | 475.0740 | 460.8327 | 465.7374 |
| February | 465.4296 | 458.8735 | 462.4240 |
| March | 464.9351 | 460.2607 | 462.3672 |
| April | 474.6134 | 463.9655 | 469.4946 |
| May | 485.7277 | 473.0721 | 480.3014 |
| June | 518.5999 | 484.7958 | 502.8177 |
| July | 528.7776 | 512.7820 | 522.9986 |
| August | 536.8452 | 522.4350 | 531.4279 |
| September | 557.2291 | 537.8622 | 544.7249 |
| October | 566.2445 | 556.8010 | 563.0751 |
| November | 567.4902 | 560.2344 | 565.3715 |
| December | 566.4706 | 560.0435 | 563.2866 |