2023 NIO to SGD Historical Review

YEARLY HIGH

0.0376 SGD

YEARLY LOW

0.0357 SGD

YEARLY AVERAGE

0.0367 SGD

2023 NIO to SGD Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the NIO to SGD exchange rate experienced significant fluctuation. The market reached its absolute peak on October 21, valuing the pair at 0.0376. Conversely, the yearly low was recorded on February 1, dropping to 0.0357.

This high-to-low spread represents a total annual volatility of 0.0019 SGD. From a start-to-finish perspective, comparing the January average rate of 0.0363 to the December average rate of 0.0363, the exchange rate registered a net change of -0.01% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2023 high of 0.0376 was down 6.01% compared to the 2022 peak of 0.0400, 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 188 SGD

2022 Average 192 SGD

Yearly Trough Low 179 SGD

Transaction Impact: A difference of 9.39 SGD purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

0.0375

0.0362

JanuMarcMayJulySeptNove

NIO to SGD 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 0.0366, compared to 0.0369 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.0003 points.

H1 Avg (Jan–Jun) 0.0366

H2 Avg (Jul–Dec) 0.0369

Volatility Range Comparison

Volatility

The most volatile month in 2023 was February, with a trading range of 0.0014 SGD (High: 0.0371 / Low: 0.0357). On the other end, October was the most stable month, with a tight range of 0.0004 SGD (High: 0.0376 / Low: 0.0372).

February Spread (Volatile) ±0.0014

October Spread (Stable) ±0.0004

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 October and November, when the average rate fell by 0.0006 points.

Longest Streak 3 Mo.

Sharpest MoM Drop -0.0006

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (October 2023: 0.0374) against the same month in 2022 (average: 0.0395), the exchange rate shifted by -0.0021 (-5.36%).

2023 Avg (October) 0.0374

2022 Avg (October) 0.0395

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.0369	0.0359	0.0363
February	0.0371	0.0357	0.0365
March	0.0372	0.0363	0.0367
April	0.0369	0.0362	0.0365
May	0.0371	0.0362	0.0367
June	0.0371	0.0365	0.0368
July	0.0372	0.0361	0.0365
August	0.0372	0.0365	0.0369
September	0.0375	0.0370	0.0373
October	0.0376	0.0372	0.0374
November	0.0374	0.0363	0.0368
December	0.0367	0.0360	0.0363