ConocoPhillips stock trades at $127.30, about ₦173,040 per share at today’s rate of ₦1,359/$. Over the past year it has gained 32.8% in dollars, which works out to +17.7% in naira terms once the exchange-rate move is included.
| Period | Return in $ terms | Return in ₦ terms |
|---|---|---|
| 1 month | +13.8% | +12.1% |
| 6 months | +14.9% | +15.6% |
| 1 year | +32.8% | +17.7% |
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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