Archer-Daniels-Midland stock trades at $79.87, about ₦109,919 per share at today’s rate of ₦1,376/$. Over the past year it has gained 45.5% in dollars, which works out to +30.9% in naira terms once the exchange-rate move is included.
| Period | Return in $ terms | Return in ₦ terms |
|---|---|---|
| 1 month | -1.7% | -0.6% |
| 6 months | +28.9% | +24.6% |
| 1 year | +45.5% | +30.9% |
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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