2024 NIO to SGD Historical Review

YEARLY HIGH

0.0371 SGD

YEARLY LOW

0.0348 SGD

YEARLY AVERAGE

0.0363 SGD

2024 NIO to SGD Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2024

During 2024, the NIO to SGD exchange rate experienced significant fluctuation. The market reached its absolute peak on December 31, valuing the pair at 0.0371. Conversely, the yearly low was recorded on September 28, dropping to 0.0348.

This high-to-low spread represents a total annual volatility of 0.0024 SGD. From a start-to-finish perspective, comparing the January average rate of 0.0364 to the December average rate of 0.0367, the exchange rate registered a net change of 0.77% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2024 high of 0.0371 was down 1.24% compared to the 2023 peak of 0.0376, 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 186 SGD

2023 Average 184 SGD

Yearly Trough Low 174 SGD

Transaction Impact: A difference of 11.80 SGD purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2024.

0.0370

0.0350

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 0.0360 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0006 points.

H1 Avg (Jan–Jun) 0.0366

H2 Avg (Jul–Dec) 0.0360

Volatility Range Comparison

Volatility

The most volatile month in 2024 was November, with a trading range of 0.0010 SGD (High: 0.0367 / Low: 0.0357). On the other end, June was the most stable month, with a tight range of 0.0003 SGD (High: 0.0369 / Low: 0.0366).

November Spread (Volatile) ±0.0010

June Spread (Stable) ±0.0003

Growth Streaks & Declines

Trends

Between September and December, 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 July and August, when the average rate fell by 0.0008 points.

Longest Streak 3 Mo.

Sharpest MoM Drop -0.0008

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (December 2024: 0.0367) against the same month in 2023 (average: 0.0363), the exchange rate shifted by +0.0004 (+1.16%).

2024 Avg (December) 0.0367

2023 Avg (December) 0.0363

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.0367	0.0360	0.0364
February	0.0367	0.0364	0.0366
March	0.0368	0.0361	0.0365
April	0.0371	0.0365	0.0369
May	0.0370	0.0365	0.0367
June	0.0369	0.0366	0.0368
July	0.0369	0.0363	0.0366
August	0.0363	0.0353	0.0358
September	0.0355	0.0348	0.0352
October	0.0360	0.0350	0.0356
November	0.0367	0.0357	0.0363
December	0.0371	0.0364	0.0367