What are the types of foreign exchange risk?

# Business risks, or those associated with an organization's particular market or industry; # Market risks, or those associated with changes in market conditions, such as fluctuations in prices, interest rates, and exchange rates; # Credit risks, or those associated with the potential for not receiving payments owed by debtors; # Operational risks, or those associated with internal system failures because of mechanical problems (e.g., machines malfunctioning) or human errors (e.g., poor allocation of resources); and # Legal risks, or those associated with the possibility of other parties not meeting their contractual obligations. # Business risks, or those associated with an organization's particular market or industry; # Market risks, or those associated with changes in market conditions, such as fluctuations in prices, interest rates, and exchange rates; # Credit risks, or those associated with the potential for not receiving payments owed by debtors; # Operational risks, or those associated with internal system failures because of mechanical problems (e.g., machines malfunctioning) or human errors (e.g., poor allocation of resources); and # Legal risks, or those associated with the possibility of other parties not meeting their contractual obligations.