2023 NIO to VND Historical Review

YEARLY HIGH

674.4315 VND

YEARLY LOW

637.6693 VND

YEARLY AVERAGE

652.0716 VND

2023 NIO to VND Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the NIO to VND exchange rate experienced significant fluctuation. The market reached its absolute peak on November 5, valuing the pair at 674.4315. Conversely, the yearly low was recorded on February 5, dropping to 637.6693.

This high-to-low spread represents a total annual volatility of 36.7622 VND. From a start-to-finish perspective, comparing the January average rate of 643.3637 to the December average rate of 662.2647, the exchange rate registered a net change of 2.94% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2023 high of 674.4315 was down 3.53% compared to the 2022 peak of 699.1462, 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 3,372,158 VND

2022 Average 3,262,861 VND

Yearly Trough Low 3,188,346 VND

Transaction Impact: A difference of 183,811.22 VND purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

671.9918

639.4189

JanuMarcMayJulySeptNove

NIO to VND 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 644.3603, compared to 659.7829 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 15.4226 points.

H1 Avg (Jan–Jun) 644.3603

H2 Avg (Jul–Dec) 659.7829

Volatility Range Comparison

Volatility

The most volatile month in 2023 was February, with a trading range of 17.9608 VND (High: 655.6301 / Low: 637.6693). On the other end, May was the most stable month, with a tight range of 2.8937 VND (High: 643.7077 / Low: 640.8139).

February Spread (Volatile) ±17.9608

May Spread (Stable) ±2.8937

Growth Streaks & Declines

Trends

Between May and October, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 5 straight months. Conversely, the sharpest month-over-month decline occurred between October and November, when the average rate fell by 4.4255 points.

Longest Streak 5 Mo.

Sharpest MoM Drop -4.4255

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (November 2023: 664.8519) against the same month in 2022 (average: 689.7695), the exchange rate shifted by -24.9176 (-3.61%).

2023 Avg (November) 664.8519

2022 Avg (November) 689.7695

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	648.1022	641.4768	643.3637
February	655.6301	637.6693	648.0313
March	654.2333	641.9416	646.7098
April	648.6059	640.7648	642.7044
May	643.7077	640.8139	642.1333
June	646.4451	640.1583	643.2193
July	650.7016	644.6145	647.6348
August	661.2787	646.8346	652.4348
September	668.3949	656.9539	662.2337
October	672.9669	663.1310	669.2774
November	674.4315	658.6572	664.8519
December	665.6599	659.9121	662.2647