exchange meaning

[ iks'tʃeindʒ ] Pronunciation:   "exchange" in a sentence
Noun: exchange  iks'cheynj
  1. Chemical process in which one atom or ion or group changes places with another 
  2. A mutual expression of views (especially an unpleasant one)
    "they had a bitter exchange" 
  3. The act of changing one thing for another thing
    "Adam was promised immortality in exchange for his disobedience"
    - interchange 
  4. The act of giving something in return for something received
    "deductible losses on sales or exchanges of property are allowable" 
  5. A workplace that serves as a telecommunications facility where lines from telephones can be connected together to permit communication
    - central, telephone exchange 
  6. A workplace for buying and selling; open only to members 
  7. (sports) an unbroken sequence of several successive strokes
    - rally 
  8. Reciprocal transfer of equivalent sums of money (especially the currencies of different countries)
    - interchange 
  9. The act of putting one thing or person in the place of another
    - substitution, commutation 
  10. (chess) gaining (or losing) a rook in return for a knight or bishop
    "black lost the exchange" 
  11. (chess) the capture by both players (usually on consecutive moves) of pieces of equal value
    "the endgame began after the exchange of queens"
Verb: exchange  iks'cheynj
  1. Give to, and receive from, one another
    "We have been exchanging letters for a year"
    - change, interchange 
  2. Exchange or replace with another, usually of the same kind or category
    - change, commute, convert 
  3. Change over, change around, as to a new order or sequence
    - switch over, switch 
  4. Hand over one and receive another, approximately equivalent
    "exchange prisoners"; "exchange employees between branches of the company" 
  5. Put in the place of another; switch seemingly equivalent items
    - substitute, replace, interchange 
  6. Exchange a penalty for a less severe one
    - commute, convert

Derived forms: exchanging, exchanges, exchanged

See also: exchanger

Type of: alter, capture, change, change by reversal, chemical phenomenon, commerce, commercialism, conversation, dealing, dealings, group action, mercantilism, modify, reassign, replace, reverse, transaction, transfer, turn, work, workplace

Part of: phone system, telephone system

Encyclopedia: Exchange, Indiana Exchange Exchange, West Virginia Exchange, WV

noun, verb



1 [C,U]

an act of giving sth to sb or doing sth for sb and receiving sth in return:

an exchange of emails

Workers agreed to a pay cut in exchange for shares in the company.

The two countries have agreed to an exchange of information on tax matters.

2 (Commerce ; Finance ) [C]

an organized system that allows traders to buy and sell currencies, investments, goods, etc.; a place where this takes place:

The company's shares are traded on the Euronext exchange in Paris.

the floor of the exchange (= where traders deal with each other)

They have set up an electronic trading exchange (= for example, using an Internet site) for wood products.

Copper rose in price today on the London Metal Exchange.

3 [U]

the process of changing an amount of one currency for an equal value of another:

The government plans to introduce controls on currency exchange.

Gains from favourable currency exchange added $7 million to our profits.


4 [C]

an arrangement when two people or groups from different countries visit each other's homes or do each other's jobs for a short time:

a 12-month work exchange for recent graduates

an exchange student


They have installed an exchange with a capacity of 1 000 telephone lines.



If you are unhappy with goods you have bought from a shop/store, you can usually exchange or change them.

If you return something, you take it back to the seller and get your money back.

verb [+ obj]


to give sth to sb and receive sth else from them:

We exchanged business cards.

The bank will exchange €2 million of debt for shares in the company.

We hold regular meetings to share information and exchange ideas.

Use the cable to exchange data with other devices.

Trading was slow with only 12 003 contracts (= to buy shares, bonds, etc.) being exchanged.


to change an amount of one currency for another:

They exchanged their dollars for pesos.


if you exchange sth you have bought, or a shop/store exchanges it, you return it and get sth different or better instead:

Can I exchange this shirt for a larger size?

Sale goods cannot be exchanged.

If the product is faulty, the store will exchange it.

4 (Law ) (BrE) exchange contracts

to sign a contract with the person that you are buying a building or piece of land from:

They have just exchanged contracts on the purchase of a new warehouse.


exchange hands


1) The trading of goods, stocks, shares, commodities, paper currencies, or other financial instruments.

2) The place in which such trading occurs, e.g. a stock exchange or commodities exchange. This may not necessarily have a physical location.

3) A feature of securities that allows the nature of theobligations to be changed.

4) An agreement to swap, as in exchange of contracts.

1. To reverse the contents of two memory banks. For example, if the memory banks are called A and B, an exchange is the placing of the contents of memory A into memory B, and the placing of the contents of memory B into memory A. The original contents are removed.
2. A two-way sequence of data transmissions.
3. A designated location in a telephone circuit.

A marketplace in which securities, commodities, derivatives and other financial instruments are traded. The core function of an exchange - such as a stock exchange - is to ensure fair and orderly trading, as well as efficient dissemination of price information for any securities trading on that exchange. Exchanges give companies, governments and other groups a platform to sell securities to the investing public.


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  1. prices are variable according to the exchanges.
  2. there was an impressive exchange of salutations.
  3. the exchange rate is in our favor today.
  4. they undertook to promote exchanges and trade.
  5. trading was brisk on the stock exchange today.

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PC Version