2024 PEN to NIO Historical Review
A comprehensive breakdown of exchange rate performance throughout the year 2024.
2024 PEN to NIO Performance & Market Timing Review
Analysis of key historical highlights and timing insights for 2024
During 2024, the PEN to NIO exchange rate experienced significant fluctuation. The market reached its absolute peak on March 14, valuing the pair at 10.0270. Conversely, the yearly low was recorded on February 14, dropping to 9.4869.
This high-to-low spread represents a total annual volatility of 0.5402 NIO. From a start-to-finish perspective, comparing the January average rate of 9.8231 to the December average rate of 9.8577, the exchange rate registered a net change of 0.35% (reflecting a strengthening trend).
Looking at year-over-year peak valuations, the 2024 high of 10.0270 was down 2.41% compared to the 2023 peak of 10.2751, indicating shifts in long-term support levels.
Comparing the value generated converting 5,000 PEN based on timing:
Trend Visualization
Monthly average fluctuations over the course of 2024.
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)
SeasonalThe average exchange rate in the first half of the year (H1: Jan–Jun) was 9.8037, compared to 9.7997 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0040 points.
Volatility Range Comparison
VolatilityThe most volatile month in 2024 was July, with a trading range of 0.3358 NIO (High: 9.9091 / Low: 9.5733). On the other end, December was the most stable month, with a tight range of 0.1146 NIO (High: 9.9088 / Low: 9.7942).
Growth Streaks & Declines
TrendsBetween February and April, 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 January and February, when the average rate fell by 0.2168 points.
Same-Month Historical Baseline
YoY BaselineComparing the current year's strongest month average (March 2024: 9.9012) against the same month in 2023 (average: 9.6630), the exchange rate shifted by +0.2382 (+2.46%).
Monthly Breakdown
Statistical summary for each calendar month.
| Month | High | Low | Average |
|---|---|---|---|
| January | 9.9509 | 9.6222 | 9.8231 |
| February | 9.7213 | 9.4869 | 9.6063 |
| March | 10.0270 | 9.7178 | 9.9012 |
| April | 10.0192 | 9.7635 | 9.9069 |
| May | 9.9746 | 9.7571 | 9.8573 |
| June | 9.8597 | 9.5989 | 9.7274 |
| July | 9.9091 | 9.5733 | 9.7782 |
| August | 9.9409 | 9.8135 | 9.8505 |
| September | 9.9015 | 9.6431 | 9.7642 |
| October | 9.9188 | 9.7579 | 9.8160 |
| November | 9.8251 | 9.6622 | 9.7314 |
| December | 9.9088 | 9.7942 | 9.8577 |