AT&T stock trades at $21.15, about ₦29,107 per share at today’s rate of ₦1,376/$. Over the past year it has lost 23.4% in dollars, which works out to -31.1% in naira terms once the exchange-rate move is included.
| Period | Return in $ terms | Return in ₦ terms |
|---|---|---|
| 1 month | -8.9% | -7.8% |
| 6 months | -11.8% | -14.8% |
| 1 year | -23.4% | -31.1% |
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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