Depends.

Do you expect the naira to depreciate further against the dollar? Or do you expect the naira to appreciate? Currently on Piggyvest, to invest in Flex Dollar, the exchange rate is N420 to $1 but to convert your dollar back to naira it’s N405 to $1. Which is a N15 (3.57%) https://twitter.com/xlimderek/status/1253461786797490177

reduction in value. The more technical name for that reduction in value is “bid-ask spread”. Which goes back to the question I asked at the beginning, do you expect further depreciation in the naira?

If it’s based solely on returns, Flex Dollar offers 6% returns, which means

it’d take you over half a year to get your naira back to what you invested (remember the 3.57% loss in exchange value) before you start getting returns while flex naira offers 10% returns so it’s clear which one offers better return

NB: If you have a domiciliary account that you

are investing directly from, then you don’t really need to worry about the bid-ask spread.

To your question: it’s a judgement call that’s not purely mathematical and I could very well be wrong so based on what I’ve explained, you can think of it for yourself and decide.

But if

you MUST know what I’d do, for now I’d do Flex Naira. If you had asked me this same question in mid February, I would have told you Flex Dollar . Like I said, it’s purely a judgement call based on the 2 questions I asked initially.