2024 NIO to MVR Historical Review

YEARLY HIGH

0.4228 MVR

YEARLY LOW

0.3928 MVR

YEARLY AVERAGE

0.4188 MVR

2024 NIO to MVR Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2024

During 2024, the NIO to MVR exchange rate experienced significant fluctuation. The market reached its absolute peak on March 19, valuing the pair at 0.4228. Conversely, the yearly low was recorded on May 2, dropping to 0.3928.

This high-to-low spread represents a total annual volatility of 0.0300 MVR. From a start-to-finish perspective, comparing the January average rate of 0.4202 to the December average rate of 0.4189, the exchange rate registered a net change of -0.32% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2024 high of 0.4228 was down 0.98% compared to the 2023 peak of 0.4270, 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 2,114 MVR

2023 Average 2,103 MVR

Yearly Trough Low 1,964 MVR

Transaction Impact: A difference of 150.16 MVR purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2024.

0.4205

0.4167

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 0.4193, compared to 0.4182 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0012 points.

H1 Avg (Jan–Jun) 0.4193

H2 Avg (Jul–Dec) 0.4182

Volatility Range Comparison

Volatility

The most volatile month in 2024 was May, with a trading range of 0.0291 MVR (High: 0.4219 / Low: 0.3928). On the other end, September was the most stable month, with a tight range of 0.0016 MVR (High: 0.4181 / Low: 0.4165).

May Spread (Volatile) ±0.0291

September Spread (Stable) ±0.0016

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 January and February, when the average rate fell by 0.0016 points.

Longest Streak 2 Mo.

Sharpest MoM Drop -0.0016

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (March 2024: 0.4196) against the same month in 2023 (average: 0.4213), the exchange rate shifted by -0.0016 (-0.38%).

2024 Avg (March) 0.4196

2023 Avg (March) 0.4213

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.4217	0.4190	0.4202
February	0.4197	0.4171	0.4186
March	0.4228	0.4174	0.4196
April	0.4209	0.4180	0.4198
May	0.4219	0.3928	0.4194
June	0.4200	0.4147	0.4184
July	0.4212	0.4166	0.4184
August	0.4202	0.4163	0.4180
September	0.4181	0.4165	0.4172
October	0.4178	0.4154	0.4170
November	0.4209	0.4173	0.4195
December	0.4207	0.4179	0.4189