2023 NIO to SDG Historical Review
A comprehensive breakdown of exchange rate performance throughout the year 2023.
2023 NIO to SDG Performance & Market Timing Review
Analysis of key historical highlights and timing insights for 2023
During 2023, the NIO to SDG exchange rate experienced significant fluctuation. The market reached its absolute peak on April 30, valuing the pair at 16.5704. Conversely, the yearly low was recorded on November 20, dropping to 14.8959.
This high-to-low spread represents a total annual volatility of 1.6745 SDG. From a start-to-finish perspective, comparing the January average rate of 15.8131 to the December average rate of 16.3903, the exchange rate registered a net change of 3.65% (reflecting a strengthening trend).
Looking at year-over-year peak valuations, the 2023 high of 16.5704 was up 1.73% compared to the 2022 peak of 16.2885, indicating shifts in long-term support levels.
Comparing the value generated converting 5,000 NIO based on timing:
Trend Visualization
Monthly average fluctuations over the course of 2023.
NIO to SDG Seasonal Trends & Volatility Analysis
A structured review of seasonal halves, trading extremes, consecutive streaks, and historical baselines.
Seasonal Halves (H1 vs H2)
SeasonalThe average exchange rate in the first half of the year (H1: Jan–Jun) was 16.2099, compared to 16.4169 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.2071 points.
Volatility Range Comparison
VolatilityThe most volatile month in 2023 was November, with a trading range of 1.6055 SDG (High: 16.5014 / Low: 14.8959). On the other end, December was the most stable month, with a tight range of 0.0869 SDG (High: 16.4251 / Low: 16.3382).
Growth Streaks & Declines
TrendsBetween January and July, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 6 straight months. Conversely, the sharpest month-over-month decline occurred between October and November, when the average rate fell by 0.0702 points.
Same-Month Historical Baseline
YoY BaselineComparing the current year's strongest month average (April 2023: 16.3727) against the same month in 2022 (average: 12.4952), the exchange rate shifted by +3.8774 (+31.03%).
Monthly Breakdown
Statistical summary for each calendar month.
| Month | High | Low | Average |
|---|---|---|---|
| January | 15.9934 | 15.5698 | 15.8131 |
| February | 16.1627 | 15.8945 | 16.0472 |
| March | 16.4563 | 15.5361 | 16.1578 |
| April | 16.5704 | 15.6569 | 16.3727 |
| May | 16.4698 | 16.3690 | 16.4216 |
| June | 16.5294 | 16.3839 | 16.4469 |
| July | 16.5503 | 16.4072 | 16.4530 |
| August | 16.4659 | 16.3760 | 16.4366 |
| September | 16.4957 | 16.4015 | 16.4376 |
| October | 16.5132 | 16.3845 | 16.4271 |
| November | 16.5014 | 14.8959 | 16.3569 |
| December | 16.4251 | 16.3382 | 16.3903 |