Yes, you are absolutely right, because it is obvious you made your calculations from the average price of Naira as given above in the image in 2015. (i.e 1 Naira = 0.005059 Dollar). Which also implies that the average price of dollar to Naira (vice-versa)  was given to be  (i.e $1 ÷ 0.005059 = 197.66 NGN).

Hence, I will be doing another calculations on the highest price of Naira to dollar back in 2015, to check how much would have been the highest amount in Naira for one to buy an ounce of gold in 2015 as given below.


I actually don't know where you got your calculations from, because they are absolutely wrong.

So, given that the highest price of Naira to dollar as given in the link and image presented above (i.e 1 Naira = 0.005556 Dollar), then it also simply means that if you were to convert the rate into it's equivalent from dollar to Naira (i.e $1 ÷ 0.005556 = 179.98 NGN).

Hence, it simply means that in 2015, the average rate of dollar to Naira was $1 = 179.98 NGN .....

Therefore,
If 1 ounce of gold was given to be $1070, then it means it's value in Naira would have been also ( $1070 × 179.98 NGN = 192,578.6 NGN )


But omo.. this calculation looks somehow oh.. lol 😂, how the calculation for highest con dey low pass average nah..  Can somebody recheck this again nah..