2024 NIO to ZAR Historical Review

YEARLY HIGH

0.5249 ZAR

YEARLY LOW

0.4648 ZAR

YEARLY AVERAGE

0.4984 ZAR

2024 NIO to ZAR Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2024

During 2024, the NIO to ZAR exchange rate experienced significant fluctuation. The market reached its absolute peak on February 25, valuing the pair at 0.5249. Conversely, the yearly low was recorded on September 29, dropping to 0.4648.

This high-to-low spread represents a total annual volatility of 0.0602 ZAR. From a start-to-finish perspective, comparing the January average rate of 0.5116 to the December average rate of 0.4959, the exchange rate registered a net change of -3.07% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2024 high of 0.5249 was down 3.04% compared to the 2023 peak of 0.5414, 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 2,625 ZAR

2023 Average 2,524 ZAR

Yearly Trough Low 2,324 ZAR

Transaction Impact: A difference of 300.83 ZAR purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2024.

0.5212

0.4733

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 0.5092, compared to 0.4876 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0216 points.

H1 Avg (Jan–Jun) 0.5092

H2 Avg (Jul–Dec) 0.4876

Volatility Range Comparison

Volatility

The most volatile month in 2024 was December, with a trading range of 0.0319 ZAR (High: 0.5135 / Low: 0.4816). On the other end, October was the most stable month, with a tight range of 0.0130 ZAR (High: 0.4837 / Low: 0.4707).

December Spread (Volatile) ±0.0319

October Spread (Stable) ±0.0130

Growth Streaks & Declines

Trends

Between October and December, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 2 straight months. Conversely, the sharpest month-over-month decline occurred between August and September, when the average rate fell by 0.0130 points.

Longest Streak 2 Mo.

Sharpest MoM Drop -0.0130

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (February 2024: 0.5172) against the same month in 2023 (average: 0.4912), the exchange rate shifted by +0.0260 (+5.29%).

2024 Avg (February) 0.5172

2023 Avg (February) 0.4912

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.5240	0.4993	0.5116
February	0.5249	0.5055	0.5172
March	0.5201	0.5044	0.5127
April	0.5225	0.5014	0.5131
May	0.5114	0.4915	0.5006
June	0.5160	0.4874	0.5003
July	0.5055	0.4884	0.4953
August	0.5087	0.4808	0.4910
September	0.4881	0.4648	0.4781
October	0.4837	0.4707	0.4773
November	0.4974	0.4704	0.4881
December	0.5135	0.4816	0.4959