BlackRock stock trades at $1,036.36, about ₦1,426,252 per share at today’s rate of ₦1,376/$. Over the past year it has lost 6.1% in dollars, which works out to -15.6% in naira terms once the exchange-rate move is included.
| Period | Return in $ terms | Return in ₦ terms |
|---|---|---|
| 1 month | +2.5% | +3.7% |
| 6 months | -4.5% | -7.7% |
| 1 year | -6.1% | -15.6% |
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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