2023 NIO to ZAR Historical Review

YEARLY HIGH

0.5414 ZAR

YEARLY LOW

0.4596 ZAR

YEARLY AVERAGE

0.5048 ZAR

2023 NIO to ZAR Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the NIO to ZAR exchange rate experienced significant fluctuation. The market reached its absolute peak on May 25, valuing the pair at 0.5414. Conversely, the yearly low was recorded on January 12, dropping to 0.4596.

This high-to-low spread represents a total annual volatility of 0.0819 ZAR. From a start-to-finish perspective, comparing the January average rate of 0.4681 to the December average rate of 0.5072, the exchange rate registered a net change of 8.34% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2023 high of 0.5414 was up 5.74% compared to the 2022 peak of 0.5120, 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 2,707 ZAR

2022 Average 2,282 ZAR

Yearly Trough Low 2,298 ZAR

Transaction Impact: A difference of 409.27 ZAR purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

0.5282

0.4627

JanuMarcMayJulySeptNove

NIO to ZAR 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 0.4988, compared to 0.5108 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.0120 points.

H1 Avg (Jan–Jun) 0.4988

H2 Avg (Jul–Dec) 0.5108

Volatility Range Comparison

Volatility

The most volatile month in 2023 was July, with a trading range of 0.0429 ZAR (High: 0.5231 / Low: 0.4802). On the other end, September was the most stable month, with a tight range of 0.0128 ZAR (High: 0.5253 / Low: 0.5125).

July Spread (Volatile) ±0.0429

September Spread (Stable) ±0.0128

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 June and July, when the average rate fell by 0.0139 points.

Longest Streak 3 Mo.

Sharpest MoM Drop -0.0139

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (May 2023: 0.5227) against the same month in 2022 (average: 0.4440), the exchange rate shifted by +0.0787 (+17.73%).

2023 Avg (May) 0.5227

2022 Avg (May) 0.4440

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.4763	0.4596	0.4681
February	0.5064	0.4665	0.4912
March	0.5208	0.4862	0.5006
April	0.5058	0.4865	0.4974
May	0.5414	0.5007	0.5227
June	0.5368	0.4975	0.5126
July	0.5231	0.4802	0.4986
August	0.5246	0.4998	0.5134
September	0.5253	0.5125	0.5185
October	0.5348	0.5094	0.5203
November	0.5163	0.4963	0.5065
December	0.5209	0.4965	0.5072