2023 NIO to NOK Historical Review

YEARLY HIGH

0.3062 NOK

YEARLY LOW

0.2680 NOK

YEARLY AVERAGE

0.2889 NOK

2023 NIO to NOK Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the NIO to NOK exchange rate experienced significant fluctuation. The market reached its absolute peak on November 9, valuing the pair at 0.3062. Conversely, the yearly low was recorded on January 21, dropping to 0.2680.

This high-to-low spread represents a total annual volatility of 0.0382 NOK. From a start-to-finish perspective, comparing the January average rate of 0.2721 to the December average rate of 0.2868, the exchange rate registered a net change of 5.41% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2023 high of 0.3062 was up 1.29% compared to the 2022 peak of 0.3023, 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 1,531 NOK

2022 Average 1,340 NOK

Yearly Trough Low 1,340 NOK

Transaction Impact: A difference of 190.88 NOK purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

0.3036

0.2692

JanuMarcMayJulySeptNove

NIO to NOK 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 0.2867, compared to 0.2911 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.0044 points.

H1 Avg (Jan–Jun) 0.2867

H2 Avg (Jul–Dec) 0.2911

Volatility Range Comparison

Volatility

The most volatile month in 2023 was December, with a trading range of 0.0238 NOK (High: 0.2995 / Low: 0.2757). On the other end, September was the most stable month, with a tight range of 0.0055 NOK (High: 0.2961 / Low: 0.2906).

December Spread (Volatile) ±0.0238

September Spread (Stable) ±0.0055

Growth Streaks & Declines

Trends

Between July and October, 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 June and July, when the average rate fell by 0.0137 points.

Longest Streak 3 Mo.

Sharpest MoM Drop -0.0137

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (November 2023: 0.2980) against the same month in 2022 (average: 0.2810), the exchange rate shifted by +0.0170 (+6.04%).

2023 Avg (November) 0.2980

2022 Avg (November) 0.2810

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.2812	0.2680	0.2721
February	0.2859	0.2706	0.2808
March	0.2968	0.2838	0.2887
April	0.2951	0.2810	0.2877
May	0.3058	0.2871	0.2959
June	0.3038	0.2870	0.2952
July	0.2958	0.2721	0.2815
August	0.2934	0.2771	0.2863
September	0.2961	0.2906	0.2933
October	0.3062	0.2925	0.3007
November	0.3062	0.2895	0.2980
December	0.2995	0.2757	0.2868