2023 SGD to NIO Historical Review

YEARLY HIGH

27.9901 NIO

YEARLY LOW

26.5926 NIO

YEARLY AVERAGE

27.2221 NIO

2023 SGD to NIO Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the SGD to NIO exchange rate experienced significant fluctuation. The market reached its absolute peak on February 1, valuing the pair at 27.9901. Conversely, the yearly low was recorded on October 21, dropping to 26.5926.

This high-to-low spread represents a total annual volatility of 1.3975 NIO. From a start-to-finish perspective, comparing the January average rate of 27.5403 to the December average rate of 27.5425, the exchange rate registered a net change of 0.01% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2023 high of 27.9901 was up 2.24% compared to the 2022 peak of 27.3759, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 139,950 NIO

2022 Average 130,128 NIO

Yearly Trough Low 132,963 NIO

Transaction Impact: A difference of 6,987.59 NIO purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

27.6244

26.6409

JanuMarcMayJulySeptNove

SGD 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 27.3295, compared to 27.1147 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.2148 points.

H1 Avg (Jan–Jun) 27.3295

H2 Avg (Jul–Dec) 27.1147

Volatility Range Comparison

Volatility

The most volatile month in 2023 was February, with a trading range of 1.0419 NIO (High: 27.9901 / Low: 26.9481). On the other end, October was the most stable month, with a tight range of 0.2972 NIO (High: 26.8897 / Low: 26.5926).

February Spread (Volatile) ±1.0419

October Spread (Stable) ±0.2972

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 July and August, when the average rate fell by 0.2861 points.

Longest Streak 2 Mo.

Sharpest MoM Drop -0.2861

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (February 2023: 27.3756) against the same month in 2022 (average: 26.3247), the exchange rate shifted by +1.0510 (+3.99%).

2023 Avg (February) 27.3756

2022 Avg (February) 26.3247

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	27.8450	27.1021	27.5403
February	27.9901	26.9481	27.3756
March	27.5423	26.8842	27.2202
April	27.6349	27.0959	27.4161
May	27.6190	26.9701	27.2730
June	27.3665	26.9191	27.1518
July	27.6696	26.8680	27.3665
August	27.3973	26.8845	27.0803
September	27.0463	26.6521	26.8300
October	26.8897	26.5926	26.7229
November	27.5775	26.7676	27.1460
December	27.7915	27.2572	27.5425