ConocoPhillips stock trades at $108.11, about ₦148,783 per share at today’s rate of ₦1,376/$. Over the past year it has gained 13.4% in dollars, which works out to +2.0% in naira terms once the exchange-rate move is included.
| Period | Return in $ terms | Return in ₦ terms |
|---|---|---|
| 1 month | -9.8% | -8.8% |
| 6 months | +10.9% | +7.1% |
| 1 year | +13.4% | +2.0% |
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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