2023 ZAR to NIO Historical Review

YEARLY HIGH

2.1760 NIO

YEARLY LOW

1.8470 NIO

YEARLY AVERAGE

1.9834 NIO

2023 ZAR to NIO Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the ZAR to NIO exchange rate experienced significant fluctuation. The market reached its absolute peak on January 12, valuing the pair at 2.1760. Conversely, the yearly low was recorded on May 25, dropping to 1.8470.

This high-to-low spread represents a total annual volatility of 0.3290 NIO. From a start-to-finish perspective, comparing the January average rate of 2.1363 to the December average rate of 1.9721, the exchange rate registered a net change of -7.69% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2023 high of 2.1760 was down 12.28% compared to the 2022 peak of 2.4805, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

Comparing the value generated converting 50,000 ZAR based on timing:

Yearly Peak High 108,798 NIO

2022 Average 109,973 NIO

Yearly Trough Low 92,350 NIO

Transaction Impact: A difference of 16,448.58 NIO purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

2.1585

1.8923

JanuMarcMayJulySeptNove

ZAR 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 2.0080, compared to 1.9588 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0492 points.

H1 Avg (Jan–Jun) 2.0080

H2 Avg (Jul–Dec) 1.9588

Volatility Range Comparison

Volatility

The most volatile month in 2023 was July, with a trading range of 0.1708 NIO (High: 2.0826 / Low: 1.9118). On the other end, September was the most stable month, with a tight range of 0.0474 NIO (High: 1.9510 / Low: 1.9036).

July Spread (Volatile) ±0.1708

September Spread (Stable) ±0.0474

Growth Streaks & Declines

Trends

Between May and July, 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 0.0996 points.

Longest Streak 2 Mo.

Sharpest MoM Drop -0.0996

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (January 2023: 2.1363) against the same month in 2022 (average: 2.2864), the exchange rate shifted by -0.1500 (-6.56%).

2023 Avg (January) 2.1363

2022 Avg (January) 2.2864

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	2.1760	2.0995	2.1363
February	2.1435	1.9747	2.0367
March	2.0567	1.9200	1.9980
April	2.0555	1.9771	2.0105
May	1.9973	1.8470	1.9145
June	2.0099	1.8630	1.9519
July	2.0826	1.9118	2.0070
August	2.0006	1.9063	1.9481
September	1.9510	1.9036	1.9287
October	1.9633	1.8700	1.9222
November	2.0149	1.9370	1.9745
December	2.0142	1.9197	1.9721