2023 SAR to NIO Historical Review

YEARLY HIGH

9.8058 NIO

YEARLY LOW

9.6063 NIO

YEARLY AVERAGE

9.7432 NIO

2023 SAR to NIO Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the SAR to NIO exchange rate experienced significant fluctuation. The market reached its absolute peak on November 24, valuing the pair at 9.8058. Conversely, the yearly low was recorded on March 18, dropping to 9.6063.

This high-to-low spread represents a total annual volatility of 0.1995 NIO. From a start-to-finish perspective, comparing the January average rate of 9.7116 to the December average rate of 9.7756, the exchange rate registered a net change of 0.66% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2023 high of 9.8058 was down 1.39% compared to the 2022 peak of 9.9440, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 49,029 NIO

2022 Average 47,764 NIO

Yearly Trough Low 48,032 NIO

Transaction Impact: A difference of 997.27 NIO purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

9.7820

9.7053

JanuMarcMayJulySeptNove

SAR 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 9.7308, compared to 9.7555 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.0247 points.

H1 Avg (Jan–Jun) 9.7308

H2 Avg (Jul–Dec) 9.7555

Volatility Range Comparison

Volatility

The most volatile month in 2023 was March, with a trading range of 0.1417 NIO (High: 9.7480 / Low: 9.6063). On the other end, May was the most stable month, with a tight range of 0.0446 NIO (High: 9.7706 / Low: 9.7260).

March Spread (Volatile) ±0.1417

May Spread (Stable) ±0.0446

Growth Streaks & Declines

Trends

Between March and June, 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 February and March, when the average rate fell by 0.0069 points.

Longest Streak 3 Mo.

Sharpest MoM Drop -0.0069

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (November 2023: 9.7589) against the same month in 2022 (average: 9.5740), the exchange rate shifted by +0.1849 (+1.93%).

2023 Avg (November) 9.7589

2022 Avg (November) 9.5740

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	9.7429	9.6794	9.7116
February	9.7992	9.6825	9.7272
March	9.7480	9.6063	9.7204
April	9.7555	9.6454	9.7351
May	9.7706	9.7260	9.7439
June	9.7796	9.7008	9.7468
July	9.7580	9.6878	9.7400
August	9.7896	9.7372	9.7532
September	9.7771	9.7211	9.7528
October	9.7706	9.7114	9.7528
November	9.8058	9.7110	9.7589
December	9.8047	9.7549	9.7756