The inclusive and exclusive are with respect to the hearer (2nd person). We (i.e., you and I) are going to town" versus "We (i.e., he and I) are going to town". Some languages (e.g., kita 'we (incl.)' and kami 'we (excl.)' in Hiligaynon) have different pronouns for both these kinds of "we". Hope this helps.