We aimed to determine the relationship between social physique anxiety (SPA), body image dissatisfaction (BID), self-esteem (SE), and body fat ratio (BFR) in female exercisers and nonexercisers. Participants included 290 female exercisers and nonexercisers ranging in age from 18 to 60 (M = 24.0, SD = 100). One-way ANOVA and the Pearson product moment correlation coefficient were used to analyze data. Significant relationships were found between SPA, body image satisfaction (BIS), and SE. Differences between each group's SPA, BID, and SE scores were also notable. It was concluded, therefore, that exercising behavior had a moderating effect on SPA, BIS, and SE.