AT&T stock trades at $22.85, about ₦30,242 per share at today’s rate of ₦1,323/$. Over the past year it has lost 12.6% in dollars, which works out to -20.7% in naira terms once the exchange-rate move is included.
| Period | Return in $ terms | Return in ₦ terms |
|---|---|---|
| 1 month | -13.8% | -13.9% |
| 6 months | -10.3% | -11.6% |
| 1 year | -12.6% | -20.7% |
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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