The current study explores the relationship between exchange rates and economic growth in developing countries. Exchange rates play a crucial role in shaping the economic landscape of the countries, and understanding their impact on growth is essential for policymakers. The paper employs a comprehensive analysis of the existing literature and empirical evidence to provide insights into the dynamics of exchange rates and their implications for economic development in the context of developing countries. The results show that changes in nominal exchange rate significantly influence the economic growth rates in developing countries.