Wells Fargo stock trades at $84.72, about ₦113,911 per share at today’s rate of ₦1,345/$. Over the past year it has gained 5.6% in dollars, which works out to -7.6% in naira terms once the exchange-rate move is included.
| Period | Return in $ terms | Return in ₦ terms |
|---|---|---|
| 1 month | -1.8% | -3.5% |
| 6 months | +0.2% | +0.3% |
| 1 year | +5.6% | -7.6% |
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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