ConocoPhillips stock trades at $130.35, about ₦174,239 per share at today’s rate of ₦1,337/$. Over the past year it has gained 31.7% in dollars, which works out to +14.7% in naira terms once the exchange-rate move is included.
| Period | Return in $ terms | Return in ₦ terms |
|---|---|---|
| 1 month | +8.2% | +6.0% |
| 6 months | +14.9% | +13.4% |
| 1 year | +31.7% | +14.7% |
Naira-terms return = share-price return × USD/NGN move. When the naira weakens, dollar assets gain extra value in naira; when it strengthens, the reverse.
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