2023 PEN to NIO Historical Review

YEARLY HIGH

10.2751 NIO

YEARLY LOW

9.3579 NIO

YEARLY AVERAGE

9.7766 NIO

2023 PEN to NIO Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the PEN to NIO exchange rate experienced significant fluctuation. The market reached its absolute peak on July 17, valuing the pair at 10.2751. Conversely, the yearly low was recorded on January 26, dropping to 9.3579.

This high-to-low spread represents a total annual volatility of 0.9172 NIO. From a start-to-finish perspective, comparing the January average rate of 9.5421 to the December average rate of 9.8149, the exchange rate registered a net change of 2.86% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2023 high of 10.2751 was up 2.00% compared to the 2022 peak of 10.0740, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

Comparing the value generated converting 5,000 PEN based on timing:

Yearly Peak High 51,376 NIO

2022 Average 46,808 NIO

Yearly Trough Low 46,790 NIO

Transaction Impact: A difference of 4,585.83 NIO purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

10.2172

9.4449

JanuMarcMayJulySeptNove

PEN to NIO 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 9.7302, compared to 9.8230 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.0928 points.

H1 Avg (Jan–Jun) 9.7302

H2 Avg (Jul–Dec) 9.8230

Volatility Range Comparison

Volatility

The most volatile month in 2023 was November, with a trading range of 0.3908 NIO (High: 9.8540 / Low: 9.4632). On the other end, March was the most stable month, with a tight range of 0.1408 NIO (High: 9.7415 / Low: 9.6006).

November Spread (Volatile) ±0.3908

March Spread (Stable) ±0.1408

Growth Streaks & Declines

Trends

Between February and July, 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 September and October, when the average rate fell by 0.2939 points.

Longest Streak 5 Mo.

Sharpest MoM Drop -0.2939

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (July 2023: 10.1528) against the same month in 2022 (average: 9.1999), the exchange rate shifted by +0.9529 (+10.36%).

2023 Avg (July) 10.1528

2022 Avg (July) 9.1999

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	9.6594	9.3579	9.5421
February	9.6054	9.3668	9.5093
March	9.7415	9.6006	9.6630
April	9.8623	9.6573	9.7200
May	10.0119	9.8374	9.9204
June	10.1332	9.8841	10.0265
July	10.2751	10.0256	10.1528
August	10.1403	9.8003	9.9109
September	9.9081	9.6482	9.8234
October	9.6556	9.4381	9.5295
November	9.8540	9.4632	9.7065
December	9.9634	9.6896	9.8149