2023 NIO to SLL Historical Review
A comprehensive breakdown of exchange rate performance throughout the year 2023.
2023 NIO to SLL Performance & Market Timing Review
Analysis of key historical highlights and timing insights for 2023
During 2023, the NIO to SLL exchange rate experienced significant fluctuation. The market reached its absolute peak on November 5, valuing the pair at 576.3947. Conversely, the yearly low was recorded on February 5, dropping to 480.3715.
This high-to-low spread represents a total annual volatility of 96.0232 SLL. From a start-to-finish perspective, comparing the January average rate of 484.2498 to the December average rate of 571.8726, the exchange rate registered a net change of 18.09% (reflecting a strengthening trend).
Looking at year-over-year peak valuations, the 2023 high of 576.3947 was up 16.52% compared to the 2022 peak of 494.6820, 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 SLL 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 483.7875, compared to 559.9614 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 76.1739 points.
Volatility Range Comparison
VolatilityThe most volatile month in 2023 was July, with a trading range of 92.7560 SLL (High: 575.4100 / Low: 482.6539). On the other end, May was the most stable month, with a tight range of 2.2274 SLL (High: 484.2886 / Low: 482.0612).
Growth Streaks & Declines
TrendsBetween June and September, 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 November and December, when the average rate fell by 1.1234 points.
Same-Month Historical Baseline
YoY BaselineComparing the current year's strongest month average (November 2023: 572.9961) against the same month in 2022 (average: 489.9032), the exchange rate shifted by +83.0929 (+16.96%).
Monthly Breakdown
Statistical summary for each calendar month.
| Month | High | Low | Average |
|---|---|---|---|
| January | 485.5690 | 483.2089 | 484.2498 |
| February | 486.1902 | 480.3715 | 484.0821 |
| March | 489.8085 | 482.4776 | 484.0025 |
| April | 488.2664 | 482.7600 | 483.7445 |
| May | 484.2886 | 482.0612 | 483.4014 |
| June | 485.4409 | 481.5680 | 483.2448 |
| July | 575.4100 | 482.6539 | 495.2240 |
| August | 574.4796 | 570.9001 | 573.1684 |
| September | 575.0718 | 571.8537 | 573.2713 |
| October | 575.6839 | 572.1325 | 573.2359 |
| November | 576.3947 | 570.2107 | 572.9961 |
| December | 573.0884 | 570.0573 | 571.8726 |