ARK Innovation (ARKK) trades at $80.57, about ₦110,882 per share at today’s rate of ₦1,376/$. Over the past year it has gained 9.5% in dollars, which works out to -1.5% in naira terms once the exchange-rate move is included.
| Period | Return in $ terms | Return in ₦ terms |
|---|---|---|
| 1 month | +10.4% | +11.6% |
| 6 months | +0.3% | -3.0% |
| 1 year | +9.5% | -1.5% |
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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