2023 NIO to XAF Historical Review

YEARLY HIGH

17.1116 XAF

YEARLY LOW

15.9601 XAF

YEARLY AVERAGE

16.5851 XAF

2023 NIO to XAF Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the NIO to XAF exchange rate experienced significant fluctuation. The market reached its absolute peak on October 3, valuing the pair at 17.1116. Conversely, the yearly low was recorded on July 14, dropping to 15.9601.

This high-to-low spread represents a total annual volatility of 1.1515 XAF. From a start-to-finish perspective, comparing the January average rate of 16.6700 to the December average rate of 16.3783, the exchange rate registered a net change of -1.75% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2023 high of 17.1116 was down 9.98% compared to the 2022 peak of 19.0097, 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 85,558 XAF

2022 Average 86,950 XAF

Yearly Trough Low 79,800 XAF

Transaction Impact: A difference of 5,757.64 XAF purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

17.0451

16.1652

JanuMarcMayJulySeptNove

NIO to XAF 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 16.6063, compared to 16.5639 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0424 points.

H1 Avg (Jan–Jun) 16.6063

H2 Avg (Jul–Dec) 16.5639

Volatility Range Comparison

Volatility

The most volatile month in 2023 was February, with a trading range of 0.7830 XAF (High: 17.0852 / Low: 16.3022). On the other end, October was the most stable month, with a tight range of 0.3159 XAF (High: 17.1116 / Low: 16.7956).

February Spread (Volatile) ±0.7830

October Spread (Stable) ±0.3159

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 March and April, when the average rate fell by 0.4273 points.

Longest Streak 3 Mo.

Sharpest MoM Drop -0.4273

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (October 2023: 16.9717) against the same month in 2022 (average: 18.5248), the exchange rate shifted by -1.5531 (-8.38%).

2023 Avg (October) 16.9717

2022 Avg (October) 18.5248

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	17.0965	16.4539	16.6700
February	17.0852	16.3022	16.7971
March	17.0375	16.4465	16.7745
April	16.6216	16.1350	16.3471
May	16.7759	16.0088	16.5005
June	16.7905	16.3239	16.5486
July	16.5425	15.9601	16.2385
August	16.6189	16.2568	16.4346
September	17.0645	16.6003	16.7939
October	17.1116	16.7956	16.9717
November	16.9155	16.2651	16.5663
December	16.6340	16.1160	16.3783