2023 NIO to NGN Historical Review

YEARLY HIGH

24.4968 NGN

YEARLY LOW

12.2547 NGN

YEARLY AVERAGE

17.3426 NGN

2023 NIO to NGN Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the NIO to NGN exchange rate experienced significant fluctuation. The market reached its absolute peak on December 30, valuing the pair at 24.4968. Conversely, the yearly low was recorded on January 2, dropping to 12.2547.

This high-to-low spread represents a total annual volatility of 12.2421 NGN. From a start-to-finish perspective, comparing the January average rate of 12.4620 to the December average rate of 22.0932, the exchange rate registered a net change of 77.28% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2023 high of 24.4968 was up 98.71% compared to the 2022 peak of 12.3280, 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 122,484 NGN

2022 Average 59,050 NGN

Yearly Trough Low 61,274 NGN

Transaction Impact: A difference of 61,210.56 NGN purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

23.0563

11.4989

JanuMarcMayJulySeptNove

NIO to NGN 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 13.2214, compared to 21.4637 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 8.2424 points.

H1 Avg (Jan–Jun) 13.2214

H2 Avg (Jul–Dec) 21.4637

Volatility Range Comparison

Volatility

The most volatile month in 2023 was June, with a trading range of 9.9383 NGN (High: 22.5171 / Low: 12.5788). On the other end, March was the most stable month, with a tight range of 0.0384 NGN (High: 12.6153 / Low: 12.5769).

June Spread (Volatile) ±9.9383

March Spread (Stable) ±0.0384

Growth Streaks & Declines

Trends

Between August and December, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 4 straight months. Conversely, the sharpest month-over-month decline occurred between July and August, when the average rate fell by 0.2919 points.

Longest Streak 4 Mo.

Sharpest MoM Drop -0.2919

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (December 2023: 22.0932) against the same month in 2022 (average: 12.2169), the exchange rate shifted by +9.8763 (+80.84%).

2023 Avg (December) 22.0932

2022 Avg (December) 12.2169

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	12.6451	12.2547	12.4620
February	12.6601	12.5560	12.6154
March	12.6153	12.5769	12.5953
April	12.7397	12.5862	12.6312
May	12.6722	12.5734	12.6239
June	22.5171	12.5788	16.4004
July	21.6899	20.7843	21.2691
August	21.2859	20.5342	20.9772
September	21.5847	20.3606	21.1615
October	24.1316	20.8105	21.3986
November	22.6050	21.2860	21.8829
December	24.4968	20.7942	22.0932