Wells Fargo stock trades at $80.74, about ₦106,859 per share at today’s rate of ₦1,323/$. Over the past year it has lost 4.5% in dollars, which works out to -13.4% in naira terms once the exchange-rate move is included.
| Period | Return in $ terms | Return in ₦ terms |
|---|---|---|
| 1 month | -9.0% | -9.0% |
| 6 months | +0.6% | -1.0% |
| 1 year | -4.5% | -13.4% |
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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