2023 NIO to SYP Historical Review
A comprehensive breakdown of exchange rate performance throughout the year 2023.
2023 NIO to SYP Performance & Market Timing Review
Analysis of key historical highlights and timing insights for 2023
During 2023, the NIO to SYP exchange rate experienced significant fluctuation. The market reached its absolute peak on March 18, valuing the pair at 69.6665. Conversely, the yearly low was recorded on December 17, dropping to 68.3033.
This high-to-low spread represents a total annual volatility of 1.3632 SYP. From a start-to-finish perspective, comparing the January average rate of 68.8759 to the December average rate of 68.5208, the exchange rate registered a net change of -0.52% (reflecting a weakening trend).
Looking at year-over-year peak valuations, the 2023 high of 69.6665 was down 2.39% compared to the 2022 peak of 71.3751, 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 SYP 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 68.8101, compared to 68.6666 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.1435 points.
Volatility Range Comparison
VolatilityThe most volatile month in 2023 was March, with a trading range of 1.0427 SYP (High: 69.6665 / Low: 68.6238). On the other end, May was the most stable month, with a tight range of 0.3168 SYP (High: 68.8814 / Low: 68.5646).
Growth Streaks & Declines
TrendsNo sustained consecutive month-over-month growth streak of 2+ months occurred in 2023. Conversely, the sharpest month-over-month decline occurred between November and December, when the average rate fell by 0.1346 points.
Same-Month Historical Baseline
YoY BaselineComparing the current year's strongest month average (March 2023: 68.8407) against the same month in 2022 (average: 70.0765), the exchange rate shifted by -1.2358 (-1.76%).
Monthly Breakdown
Statistical summary for each calendar month.
| Month | High | Low | Average |
|---|---|---|---|
| January | 69.0635 | 68.7278 | 68.8759 |
| February | 69.1518 | 68.3242 | 68.8520 |
| March | 69.6665 | 68.6238 | 68.8407 |
| April | 69.4472 | 68.6640 | 68.8040 |
| May | 68.8814 | 68.5646 | 68.7552 |
| June | 69.0453 | 68.4944 | 68.7329 |
| July | 69.1325 | 68.6489 | 68.7750 |
| August | 68.8332 | 68.4043 | 68.6761 |
| September | 68.9041 | 68.5185 | 68.6884 |
| October | 68.9775 | 68.5520 | 68.6842 |
| November | 69.0626 | 68.3217 | 68.6554 |
| December | 68.6665 | 68.3033 | 68.5208 |