AT&T stock trades at $26.01, about ₦34,768 per share at today’s rate of ₦1,337/$. Over the past year it has lost 11.2% in dollars, which works out to -22.7% in naira terms once the exchange-rate move is included.
| Period | Return in $ terms | Return in ₦ terms |
|---|---|---|
| 1 month | +11.9% | +9.7% |
| 6 months | -7.1% | -8.4% |
| 1 year | -11.2% | -22.7% |
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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