Transaction risk refers to the uncertainty of profit and loss caused by exchange rate changes in foreign currency-denominated business transactions in tourism service trade.
The risk of foreign exchange settlement refers to the uncertainty of profit and loss caused by exchange rate changes when tourism enterprises buy and sell foreign exchange from banks.
Operating risk refers to the price changes of raw materials, labor and management fees denominated in foreign currencies caused by exchange rate changes, which affect the operating costs and market prices of tourism enterprises.
Accounting risk, also known as translation risk, refers to the uncertainty of value changes of some items on the balance sheet due to exchange rate changes when income and expenses denominated in foreign currency, assets and liabilities are translated into domestic currency.
Economic risk means that exchange rate changes will bring economic risks to the operation and development of tourism enterprises, and affect the growth of tourism and the change of tourism structure in the whole country.
Tourism foreign exchange risk refers to the possibility of gains or losses caused by the uncertainty of the value of tourism claims and liabilities, assets and liabilities denominated in foreign currencies due to exchange rate changes in tourism service trade.