2024 NIO to MMK Historical Review

YEARLY HIGH

88.2793 MMK

YEARLY LOW

56.6936 MMK

YEARLY AVERAGE

57.6651 MMK

2024 NIO to MMK Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2024

During 2024, the NIO to MMK exchange rate experienced significant fluctuation. The market reached its absolute peak on July 20, valuing the pair at 88.2793. Conversely, the yearly low was recorded on April 20, dropping to 56.6936.

This high-to-low spread represents a total annual volatility of 31.5857 MMK. From a start-to-finish perspective, comparing the January average rate of 57.2880 to the December average rate of 57.0337, the exchange rate registered a net change of -0.44% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2024 high of 88.2793 was up 52.79% compared to the 2023 peak of 57.7772, 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 441,397 MMK

2023 Average 287,131 MMK

Yearly Trough Low 283,468 MMK

Transaction Impact: A difference of 157,928.72 MMK purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2024.

62.3450

56.4963

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 57.5089, compared to 57.8214 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.3125 points.

H1 Avg (Jan–Jun) 57.5089

H2 Avg (Jul–Dec) 57.8214

Volatility Range Comparison

Volatility

The most volatile month in 2024 was July, with a trading range of 31.3458 MMK (High: 88.2793 / Low: 56.9335). On the other end, May was the most stable month, with a tight range of 0.1704 MMK (High: 57.1753 / Low: 57.0049).

July Spread (Volatile) ±31.3458

May Spread (Stable) ±0.1704

Growth Streaks & Declines

Trends

Between April and July, 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 4.8325 points.

Longest Streak 3 Mo.

Sharpest MoM Drop -4.8325

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (July 2024: 61.8576) against the same month in 2023 (average: 57.4144), the exchange rate shifted by +4.4432 (+7.74%).

2024 Avg (July) 61.8576

2023 Avg (July) 57.4144

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	57.3858	57.1506	57.2880
February	57.4582	56.9944	57.1097
March	57.2179	57.0092	57.0648
April	57.1114	56.6936	57.0281
May	57.1753	57.0049	57.0787
June	67.4917	56.7136	59.4842
July	88.2793	56.9335	61.8576
August	57.3901	56.8930	57.0251
September	57.1081	56.9241	57.0052
October	57.0686	56.7799	56.9837
November	57.1339	56.7683	57.0230
December	57.2424	56.9325	57.0337