While there have been huge exploration on the effecting factors of FDI for created and non-industrial nations, almost no has been completed on this issue for developing nations, particularly CIS – "Commonwealth of Independent States nations". The current research analyzes the elements of Foreign Direct Investment (FDI) in the Commonwealth of the Independent States somewhere in the range between 1995 and 2018. Distinguishably, this research is dedicated to describing the relationship between FDI and exchange. Earlier experimental and empirical commitments are examined cautiously to discover expected determinants which are exchange rate, GDP, GDP per capita, inflation rate, and trade openness. Regression analysis and Granger causality experiments are utilized to examine the bond between variables. Test results show there is no significant influence of exchange rate on the FDI of CIS countries.

CIS, FDI, exchange

As our research area includes countries with different economic conditions, robustness may be lower than in countries with similar economic development. This research can be expended testing every country separately and, strong results would be accepted.

Furthermore, the thesis may be broadened by adding many other variables which may affect FDI. For example, the corruption rate, business attractiveness of the country