YEARLY HIGH
0.8550 EGP
YEARLY LOW
0.6769 EGP
YEARLY AVERAGE
0.8386 EGP

2023 NIO to EGP Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the NIO to EGP exchange rate experienced significant fluctuation. The market reached its absolute peak on April 30, valuing the pair at 0.8550. Conversely, the yearly low was recorded on January 2, dropping to 0.6769.

This high-to-low spread represents a total annual volatility of 0.1781 EGP. From a start-to-finish perspective, comparing the January average rate of 0.7845 to the December average rate of 0.8427, the exchange rate registered a net change of 7.41% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2023 high of 0.8550 was up 24.84% compared to the 2022 peak of 0.6848, 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 4,275 EGP
2022 Average 2,676 EGP
Yearly Trough Low 3,384 EGP
Transaction Impact: A difference of 890.52 EGP purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

0.8513
0.7784
JanuMarcMayJulySeptNove

NIO to EGP 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 0.8329, compared to 0.8443 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.0114 points.

H1 Avg (Jan–Jun) 0.8329
H2 Avg (Jul–Dec) 0.8443

Volatility Range Comparison

Volatility

The most volatile month in 2023 was January, with a trading range of 0.1491 EGP (High: 0.8260 / Low: 0.6769). On the other end, August was the most stable month, with a tight range of 0.0044 EGP (High: 0.8468 / Low: 0.8424).

January Spread (Volatile) ±0.1491
August Spread (Stable) ±0.0044

Growth Streaks & Declines

Trends

Between January and April, 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 November and December, when the average rate fell by 0.0013 points.

Longest Streak 3 Mo.
Sharpest MoM Drop -0.0013

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (April 2023: 0.8446) against the same month in 2022 (average: 0.5148), the exchange rate shifted by +0.3298 (+64.06%).

2023 Avg (April) 0.8446
2022 Avg (April) 0.5148

Monthly Breakdown

Statistical summary for each calendar month.

Month High Low Average
January 0.8260 0.6769 0.7845
February 0.8418 0.8234 0.8351
March 0.8506 0.8371 0.8441
April 0.8550 0.8393 0.8446
May 0.8503 0.8282 0.8439
June 0.8478 0.8432 0.8452
July 0.8506 0.8421 0.8452
August 0.8468 0.8424 0.8447
September 0.8474 0.8427 0.8447
October 0.8467 0.8420 0.8444
November 0.8491 0.8402 0.8440
December 0.8449 0.8379 0.8427