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Ext4
Ext4 is the evolution of the most used Linux filesystems (Ext3, Ext2) and promises improved design, better performance, reliability, and features over its predecessors.
It is the default filesystem in Manjaro.
Tips
For advanced optimizations see the Archwiki Ext4 article.
exFAT
Microsoft created the exFAT (Extended File Alocation Table) to make up for the inadequacies of FAT32 & NTFS, as it can hold large files, large numbers of files & use very large partitions. Supported on Linux, Windows, MacOS and many other devices, it is one of the most compatible filesystems. A good choice when you need to share a removable device between many systems.
Installation
To use exFAT, you need to install the exfat-utils package. You can do this using your favorite package manager or with this command:
pamac install exfat-utils
See also
Wikipedia:exFAT
Wikipedia:Comparison of file systems
Archwiki:File Systems