The best exercises for women are dependent upon individual abilities and goals. Many factors go into maintaining health for women–cardio, strength training, calming exercise such as yoga, nutrition, stress reduction, lifestyle, and a supportive environment. Fat loss can also also dependent on these factors, and then we need to factor in women’s hormones on top of all this (which can be a big issue with regard to fat loss for many women). It can be a balancing act to put it all together.
So, as you can see, there are many answers to your question!