specifically, the significance of international financial risk management is mainly manifested in the following aspects: 1. the significance of international financial risk management to economic entities (1) international financial risk management can provide a safe and stable environment for fund raising and fund management for economic entities, reduce or eliminate the nervousness and fear of multinational economic entities, and improve their work efficiency and operating efficiency. (2) International financial risk management can guarantee the smooth realization of economic entities' business objectives. The implementation of financial risk management can minimize the international financial risks faced by economic entities, and provide pre-prepared compensation funds in time after financial risk losses, thus directly or indirectly reducing expenses. (3) International financial risk management can promote the rationalization and scientificity of economic entities' decision-making on transnational fund-raising and fund management, and reduce the risk of decision-making. Through the implementation of international financial risk management, relevant economic entities must focus on improving the efficiency of capital use, promoting the rationalization and scientificization of capital raising and operation, making capital operation enter a virtuous circle and reducing decision-making risks. 2. The significance of international financial risk management to economic and social development (1) International financial risk management is conducive to the optimal allocation of resources in all countries of the world. As a direct manifestation of value, the transnational flow of monetary funds will inevitably lead to the corresponding transnational flow of other resources. The implementation of financial risk management can reduce the financial risk loss when funds flow across borders, and promote the flow of monetary funds to the countries and regions where they are needed, thus causing other social resources to flow to the countries and regions reasonably, and ultimately avoiding or reducing the waste of social resources and improving their utilization rate. (2) International financial risk management contributes to the stable development of economy. Once international financial risks occur, the amount of losses it brings is often several times or even ten times larger than that caused by general financial risks. Therefore, the existence and occurrence of international risks is undoubtedly a threat to the stable development of regional and even global economy. The implementation of financial risk management can not only reduce the possibility of international financial risks to a certain extent, but also reduce the economic losses caused by financial risks, thus reducing the adverse effects caused by financial risk losses and ultimately promoting the stable development of the economy and the improvement of economic benefits.