2024 NIO to LAK Historical Review
A comprehensive breakdown of exchange rate performance throughout the year 2024.
2024 NIO to LAK Performance & Market Timing Review
Analysis of key historical highlights and timing insights for 2024
During 2024, the NIO to LAK exchange rate experienced significant fluctuation. The market reached its absolute peak on October 1, valuing the pair at 603.4049. Conversely, the yearly low was recorded on January 6, dropping to 558.8735.
This high-to-low spread represents a total annual volatility of 44.5314 LAK. From a start-to-finish perspective, comparing the January average rate of 563.3904 to the December average rate of 595.0799, the exchange rate registered a net change of 5.62% (reflecting a strengthening trend).
Looking at year-over-year peak valuations, the 2024 high of 603.4049 was up 6.33% compared to the 2023 peak of 567.4902, 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 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 574.9212, compared to 598.6721 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 23.7509 points.
Volatility Range Comparison
VolatilityThe most volatile month in 2024 was June, with a trading range of 16.0355 LAK (High: 599.6991 / Low: 583.6636). On the other end, December was the most stable month, with a tight range of 2.8275 LAK (High: 596.7347 / Low: 593.9072).
Growth Streaks & Declines
TrendsBetween January and July, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 6 straight months. Conversely, the sharpest month-over-month decline occurred between September and October, when the average rate fell by 3.3529 points.
Same-Month Historical Baseline
YoY BaselineComparing the current year's strongest month average (October 2024: 597.1647) against the same month in 2023 (average: 563.0751), the exchange rate shifted by +34.0896 (+6.05%).
Monthly Breakdown
Statistical summary for each calendar month.
| Month | High | Low | Average |
|---|---|---|---|
| January | 565.7948 | 558.8735 | 563.3904 |
| February | 568.1674 | 564.0294 | 566.8101 |
| March | 574.3456 | 566.4929 | 568.8882 |
| April | 580.1857 | 573.4516 | 577.1285 |
| May | 585.0113 | 577.7759 | 580.7092 |
| June | 599.6991 | 583.6636 | 592.6007 |
| July | 602.8599 | 599.3624 | 601.5330 |
| August | 602.6948 | 599.5371 | 601.2398 |
| September | 603.3996 | 599.6058 | 600.5176 |
| October | 603.4049 | 594.0494 | 597.1647 |
| November | 597.5510 | 594.5068 | 596.4974 |
| December | 596.7347 | 593.9072 | 595.0799 |