Utilizing exciplex as host and fluorescence emitter as dopant materials has been proved successfully to fabricate highly-efficient organic light-emitting diodes (OLEDs). Exciton evolution and energy transfer in this exciplex host-guest system are complex. Gaining insight into the electroluminescence mechanisms in exciplex-based devices is key for further optimizing device configuration. Here, we have investigated exciton dynamics in devices with exciplex as host and 4-(Dicyanomethylene)-2-tert-butyl-6-(1,1,7,7-tetramethyljulolidin-4-yl-vinyl)-4H-pyran (DCJTB) as red fluorescence emitter. Two exciplexes, 2,6-bis(3-(9H-carbazol-9-yl)phenyl)pyridine (26DCzPPY) doped 2,4,6-tris[3-(triphenylphosphine)phenyl]-1,3,5-triazine (POT2T), and 4,4′,4″-tris[3-methylphenyl(phenyl)amino]-triphenylamine (m-MTDATA) doped Tris(8-hydroxyquinoline)aluminum(III) (Alq3), with different band energy are utilized as host materials. Combining the measurements of transient electroluminescence, transient photoluminescence and magnetic field effect(MFE), it is concluded that Dexter energy transfer, together with Förster resonance energy transfer, are confirmed in pure fluorescence doped system. Meanwhile, it is found that DCJTB works with hot excitons mechanism but not a traditional red fluorescence emitter as recognized previously. This work presents that the transient MFE is powerful for detecting excitonic dynamic processes in excipelx based host-guest electroluminescence system.