2023 NIO to MVR Historical Review

YEARLY HIGH

0.4270 MVR

YEARLY LOW

0.4163 MVR

YEARLY AVERAGE

0.4205 MVR

2023 NIO to MVR Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the NIO to MVR exchange rate experienced significant fluctuation. The market reached its absolute peak on March 18, valuing the pair at 0.4270. Conversely, the yearly low was recorded on November 13, dropping to 0.4163.

This high-to-low spread represents a total annual volatility of 0.0107 MVR. From a start-to-finish perspective, comparing the January average rate of 0.4217 to the December average rate of 0.4192, the exchange rate registered a net change of -0.59% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2023 high of 0.4270 was down 2.96% compared to the 2022 peak of 0.4401, 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 2,135 MVR

2022 Average 2,150 MVR

Yearly Trough Low 2,081 MVR

Transaction Impact: A difference of 53.65 MVR purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

0.4220

0.4190

JanuMarcMayJulySeptNove

NIO to MVR 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 0.4207, compared to 0.4204 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0003 points.

H1 Avg (Jan–Jun) 0.4207

H2 Avg (Jul–Dec) 0.4204

Volatility Range Comparison

Volatility

The most volatile month in 2023 was November, with a trading range of 0.0081 MVR (High: 0.4244 / Low: 0.4163). On the other end, June was the most stable month, with a tight range of 0.0023 MVR (High: 0.4207 / Low: 0.4184).

November Spread (Volatile) ±0.0081

June Spread (Stable) ±0.0023

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 January and February, when the average rate fell by 0.0010 points.

Longest Streak 1 Mo.

Sharpest MoM Drop -0.0010

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (March 2023: 0.4213) against the same month in 2022 (average: 0.4309), the exchange rate shifted by -0.0097 (-2.24%).

2023 Avg (March) 0.4213

2022 Avg (March) 0.4309

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.4236	0.4199	0.4217
February	0.4228	0.4174	0.4207
March	0.4270	0.4190	0.4213
April	0.4246	0.4195	0.4206
May	0.4211	0.4175	0.4199
June	0.4207	0.4184	0.4197
July	0.4235	0.4186	0.4209
August	0.4212	0.4183	0.4202
September	0.4230	0.4200	0.4215
October	0.4228	0.4188	0.4207
November	0.4244	0.4163	0.4198
December	0.4208	0.4173	0.4192