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Definition of exchange
(Entry 1 of 2)
1 : the act of giving or taking one thing in return for another : trade an exchange of prisoners
2a : the act or process of substituting one thing for another
b : reciprocal giving and receiving
3 : something offered, given, or received in an exchange
4a : funds payable currently at a distant point either in a foreign currency or in domestic currency
b(1) : interchange or conversion of the money of two countries or of current and uncurrent money with allowance for difference in value
(2) : exchange rate
(3) : the amount of the difference in value between two currencies or between values of a particular currency at two places
c : instruments (such as checks or bills of exchange) presented in a clearinghouse for settlement
5 : a place where things or services are exchanged: such as
a : an organized market or center for trading in securities or commodities
b : a store or shop specializing in merchandise usually of a particular type
c : a cooperative store or society
d : a central office in which telephone lines are connected to permit communication
in exchange
: as a substitute
exchange
verbexchanged; exchanging
Definition of exchange (Entry 2 of 2)
1a : to part with, give, or transfer in consideration of something received as an equivalent
b : to have replaced by other merchandise
exchanged the shirt for one in a larger size
2 : to part with for a substitute
exchanging future security for immediate pleasure
3 : to give and receive reciprocally
exchange gifts
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Time Traveler for exchange
The first known use of exchange was in the 14th century
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