2023 NIO to MMK Historical Review

YEARLY HIGH

57.7772 MMK

YEARLY LOW

56.9123 MMK

YEARLY AVERAGE

57.4269 MMK

2023 NIO to MMK Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the NIO to MMK exchange rate experienced significant fluctuation. The market reached its absolute peak on January 6, valuing the pair at 57.7772. Conversely, the yearly low was recorded on July 12, dropping to 56.9123.

This high-to-low spread represents a total annual volatility of 0.8649 MMK. From a start-to-finish perspective, comparing the January average rate of 57.5681 to the December average rate of 57.3298, the exchange rate registered a net change of -0.41% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2023 high of 57.7772 was down 1.98% compared to the 2022 peak of 58.9444, 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 288,886 MMK

2022 Average 268,788 MMK

Yearly Trough Low 284,561 MMK

Transaction Impact: A difference of 4,324.36 MMK purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

57.5935

57.2890

JanuMarcMayJulySeptNove

NIO to MMK 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 57.4835, compared to 57.3703 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.1132 points.

H1 Avg (Jan–Jun) 57.4835

H2 Avg (Jul–Dec) 57.3703

Volatility Range Comparison

Volatility

The most volatile month in 2023 was July, with a trading range of 0.6153 MMK (High: 57.5276 / Low: 56.9123). On the other end, September was the most stable month, with a tight range of 0.1380 MMK (High: 57.4690 / Low: 57.3310).

July Spread (Volatile) ±0.6153

September Spread (Stable) ±0.1380

Growth Streaks & Declines

Trends

No sustained consecutive month-over-month growth streak of 2+ months occurred in 2023. Conversely, the sharpest month-over-month decline occurred between February and March, when the average rate fell by 0.1012 points.

Longest Streak 1 Mo.

Sharpest MoM Drop -0.1012

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (January 2023: 57.5681) against the same month in 2022 (average: 50.1696), the exchange rate shifted by +7.3985 (+14.75%).

2023 Avg (January) 57.5681

2022 Avg (January) 50.1696

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	57.7772	57.4693	57.5681
February	57.7691	57.2584	57.5541
March	57.7157	57.2555	57.4529
April	57.5607	57.2797	57.4481
May	57.5447	57.3173	57.4397
June	57.5440	57.3530	57.4378
July	57.5276	56.9123	57.4144
August	57.4502	57.1180	57.3990
September	57.4690	57.3310	57.3983
October	57.4278	57.2588	57.3658
November	57.4583	57.0665	57.3143
December	57.5450	57.0839	57.3298