This book is the outcome of the empirical research conducted in Nigeria. This book examined the possibility of exchange rate stability to serve as a solution to the Nigerian Economic Recession. The book explore the significant of stable exchange rate in mitigating the economic recession faced by most developing countries of the world, it also affirmed the previous studies that developing countries are rational in the choice of flexible exchange rate regimes for achieving economic growth and subsequent development. This book analyses not only the significant of exchange rate stability but all discovered the role of other macroeconomics variables like interest rate and inflation rate