Effect of Exchange Rate Fluctuation and Foreign Reserves on Macroeconomic Performance in Nigeria

This study examines the effect of Exchange Rate Fluctuation and Foreign Reserves on Macroeconomics Performance in Nigeria from 1980-2019. The variables interest include External Debt, Reserves, Rate, Debt Servicing Government Expenditure were analyzed using co-integration, auto-redistribution lag model (ARDL) Granger Causality test to understand long short run relationship between variables. Result revealed that there is a unidirectional foreign reserves exchange rate. rate causes Nigeria, while do not granger cause Granger. means as depreciates or appreciates, it always has an impact Nigeria's reserves. recommends among other thing government should ensure country's are used managed efficiently. because been established have beneficial macroeconomic performance stimulate economic growth both which help enhance Nigerian economy.