One of the manifestations of foreign exchange risk is: foreign exchange transaction risk. Foreign exchange risk is caused by the exchange of domestic currency and foreign currency. The risks that foreign exchange banks undertake in foreign exchange transactions are mainly foreign exchange risks. The same risk will occur when enterprises other than banks make loans or borrowings in foreign currencies and conduct foreign exchange transactions with foreign currency loans and borrowings. Individuals buying and selling foreign exchange also have risks.

The second manifestation of foreign exchange risk is that the exchange of domestic currency for foreign currency for future foreign exchange transactions is risky because the applicable exchange rate for future transactions is not determined. This is the risk that occurs when general enterprises conduct trade transactions and non-trade transactions in foreign currency, so it is also called "transaction settlement risk".

The third manifestation of foreign exchange risk is: how to evaluate foreign currency when enterprises conduct accounting treatment and make final accounts of foreign currency claims and debts. For example, when handling final accounts and evaluating creditor's rights and debts, there will be differences in book gains and losses due to different exchange rates, so it is also called "risk assessment" or "foreign exchange translation risk".

The fourth manifestation of foreign exchange risk is: economic risk-refers to the risk that the expected future income of an enterprise or individual may suffer losses due to exchange rate changes.

The fifth manifestation of foreign exchange risk is: national risk-that is, political risk. Refers to the possibility of losses caused by the termination of foreign exchange transactions by enterprises or individuals due to national compulsion.