The study looked at how the exchange rate affects unemployment in Nigeria from 1983 to 2015. They used data from the Central Bank of Nigeria and other sources to analyze this. The results showed that a higher real exchange rate led to more unemployment in both the short and long term. Economic growth and credit to the private sector only affected unemployment in the short term. External debt was a significant factor in causing unemployment in both the short and long term. To improve the situation, it is suggested that the government should focus on strengthening the economy by diversifying and improving local industries to reduce the impact of exchange rate changes.