ConocoPhillips stock trades at $140.90, about ₦186,480 per share at today’s rate of ₦1,323/$. Over the past year it has gained 59.8% in dollars, which works out to +44.9% in naira terms once the exchange-rate move is included.
| Period | Return in $ terms | Return in ₦ terms |
|---|---|---|
| 1 month | +3.1% | +3.0% |
| 6 months | +18.5% | +16.7% |
| 1 year | +59.8% | +44.9% |
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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