2023 NIO to MNT Historical Review

YEARLY HIGH

97.2663 MNT

YEARLY LOW

92.6470 MNT

YEARLY AVERAGE

94.7085 MNT

2023 NIO to MNT Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the NIO to MNT exchange rate experienced significant fluctuation. The market reached its absolute peak on April 30, valuing the pair at 97.2663. Conversely, the yearly low was recorded on February 5, dropping to 92.6470.

This high-to-low spread represents a total annual volatility of 4.6193 MNT. From a start-to-finish perspective, comparing the January average rate of 93.3950 to the December average rate of 94.0872, the exchange rate registered a net change of 0.74% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2023 high of 97.2663 was up 1.95% compared to the 2022 peak of 95.4070, 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 486,332 MNT

2022 Average 435,372 MNT

Yearly Trough Low 463,235 MNT

Transaction Impact: A difference of 23,096.71 MNT purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

96.6658

93.0623

JanuMarcMayJulySeptNove

NIO to MNT 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 94.8554, compared to 94.5615 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.2939 points.

H1 Avg (Jan–Jun) 94.8554

H2 Avg (Jul–Dec) 94.5615

Volatility Range Comparison

Volatility

The most volatile month in 2023 was March, with a trading range of 3.1601 MNT (High: 96.2133 / Low: 93.0532). On the other end, May was the most stable month, with a tight range of 0.4437 MNT (High: 96.4739 / Low: 96.0302).

March Spread (Volatile) ±3.1601

May Spread (Stable) ±0.4437

Growth Streaks & Declines

Trends

Between February and April, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 2 straight months. Conversely, the sharpest month-over-month decline occurred between July and August, when the average rate fell by 1.7806 points.

Longest Streak 2 Mo.

Sharpest MoM Drop -1.7806

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (April 2023: 96.3655) against the same month in 2022 (average: 83.2046), the exchange rate shifted by +13.1609 (+15.82%).

2023 Avg (April) 96.3655

2022 Avg (April) 83.2046

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	93.6494	93.1942	93.3950
February	93.7692	92.6470	93.3626
March	96.2133	93.0532	93.4461
April	97.2663	96.1694	96.3655
May	96.4739	96.0302	96.2972
June	96.7034	95.9319	96.2660
July	96.8257	94.3003	96.0810
August	94.5161	93.9272	94.3003
September	94.6135	94.0840	94.3173
October	94.7142	94.1299	94.3114
November	94.8311	93.8137	94.2720
December	94.2872	93.7885	94.0872