A two-way wireless personal video/audio communication system comprises a video mode switch for selecting a desired one of X, N, and R modes, and a video signal control circuit for transferring a video signal from a camera circuit to a display circuit in the N mode, a video signal from a remote terminal to the display circuit in the R mode and the video signal from the camera circuit to the display circuit and a video transmission/reception circuit in the X mode. The display circuit applies an output video signal from the video signal control circuit to a display to reproduce an image picked up by a camera. The camera circuit converts an image incident on a camera lens into an electrical video signal and outputs the electrical video signal to the video signal control circuit. The video transmission/reception circuit modulates an amplified video signal from the video signal control circuit into a radio frequency signal at a selected channel frequency, transmits the modulated radio frequency signal to the remote terminal through the antenna, receives a radio frequency signal from the remote terminal through the antenna at the selected channel frequency, demodulates the received radio frequency signal into a video signal, amplifies the demodulated video signal, and transfers the amplified video signal to the video signal control circuit.