2023 NIO to MAD Historical Review

YEARLY HIGH

0.2884 MAD

YEARLY LOW

0.2633 MAD

YEARLY AVERAGE

0.2770 MAD

2023 NIO to MAD Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the NIO to MAD exchange rate experienced significant fluctuation. The market reached its absolute peak on January 3, valuing the pair at 0.2884. Conversely, the yearly low was recorded on July 16, dropping to 0.2633.

This high-to-low spread represents a total annual volatility of 0.0250 MAD. From a start-to-finish perspective, comparing the January average rate of 0.2805 to the December average rate of 0.2738, the exchange rate registered a net change of -2.38% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2023 high of 0.2884 was down 6.55% compared to the 2022 peak of 0.3086, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

Comparing the value generated converting 5,000 NIO based on timing:

Yearly Peak High 1,442 MAD

2022 Average 1,416 MAD

Yearly Trough Low 1,317 MAD

Transaction Impact: A difference of 125.21 MAD purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

0.2846

0.2649

JanuMarcMayJulySeptNove

NIO to MAD Seasonal Trends & Volatility Analysis

A structured review of seasonal halves, trading extremes, consecutive streaks, and historical baselines.

Seasonal Halves (H1 vs H2)

Seasonal

The average exchange rate in the first half of the year (H1: Jan–Jun) was 0.2791, compared to 0.2749 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0042 points.

H1 Avg (Jan–Jun) 0.2791

H2 Avg (Jul–Dec) 0.2749

Volatility Range Comparison

Volatility

The most volatile month in 2023 was August, with a trading range of 0.0140 MAD (High: 0.2780 / Low: 0.2640). On the other end, September was the most stable month, with a tight range of 0.0046 MAD (High: 0.2822 / Low: 0.2776).

August Spread (Volatile) ±0.0140

September Spread (Stable) ±0.0046

Growth Streaks & Declines

Trends

Between July and October, 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 June and July, when the average rate fell by 0.0083 points.

Longest Streak 3 Mo.

Sharpest MoM Drop -0.0083

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (January 2023: 0.2805) against the same month in 2022 (average: 0.2622), the exchange rate shifted by +0.0183 (+6.99%).

2023 Avg (January) 0.2805

2022 Avg (January) 0.2622

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.2884	0.2763	0.2805
February	0.2864	0.2781	0.2823
March	0.2864	0.2791	0.2830
April	0.2795	0.2711	0.2774
May	0.2803	0.2728	0.2766
June	0.2793	0.2706	0.2749
July	0.2706	0.2633	0.2666
August	0.2780	0.2640	0.2706
September	0.2822	0.2776	0.2797
October	0.2834	0.2787	0.2808
November	0.2812	0.2732	0.2776
December	0.2778	0.2687	0.2738