Is a speculative account in dollars better than one in pounds? | Ask Banky

Editor-in-Chief Mohamed Salah

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Editor-in-Chief Mohamed Salah

Is a speculative account in dollars better than one in pounds?

Asked by Banky team 2 months ago
Banky team Reviewed editorial answer

An investment account in a foreign currency adds exchange rate risk to your investment performance.

If your income and expenses are in Egyptian pounds, don't just look at the dollar return; consider the impact of currency fluctuations on your goals.

The figures, fees and limits in this answer vary by bank and change over time — confirm them with your bank or the official source before acting.

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