This study examines whether renewable energy consumption mitigates the effects of exchange rate shocks. In this context, the impact of renewable energy consumption on real effective exchange rate volatility and nominal exchange rate volatility in Turkey is investigated. The AARDL (Augmented ARDL) method is applied in the study, and the time period 1990-2021 is analysed. According to the results obtained, renewable energy consumption has a negative effect on real effective exchange rate and nominal exchange rate volatility in the long term. Based on this evidence, it can be concluded that an increase in renewable energy consumption may reduce exchange rate volatility. Therefore, authorities' encouragement of renewable energy consumption will contribute to exchange rate stability. Beside, the analyses revealed that while international reserves have a negative effect on exchange rate volatility, inflation has a positive effect. In summary, to mitigate exchange rate fluctuations, policies aimed at increasing reserves, promoting renewable energy consumption, and achieving low inflation rates should be implemented.