B1noun1K

Exchange

UK /["/ɪksˈtʃeɪndʒ/"]/US /["/ɪksˈtʃeɪndʒ/"]/

Definition

an act of giving something to somebody or doing something for somebody and receiving something in return

In simple words: To give something and get something in return.

Examples

  • The exchange of ideas between the two groups was very productive.
  • They agreed to a currency exchange at a favorable rate.
  • During the meeting, a positive exchange of opinions took place.
  • She went to the bank to complete the exchange of her foreign currency.
  • We had an exchange of gifts during the holiday celebration.
  • The exchange between the two countries improved diplomatic relations.

Usage notes

Used in both formal and informal contexts. Commonly applies to trading items, currency, or ideas. Avoid in very casual conversations unless discussing specific exchanges.

Grammar pattern

exchange + object + for + object

Memory hint

Think of a 'change' in your pocket — you're exchanging coins.

Collocations

  • fair
  • mutual
  • reciprocal
  • in exchange (for)
  • exchange between
  • exchange for
  • rate
  • academic
  • cross-cultural
  • cultural
  • go on
  • on an/​the exchange
  • exchange with
  • brief
  • acrimonious
  • angry
  • exchange about
  • exchange between
  • exchange over
  • an exchange of views

Synonyms

  • trade
  • swap
  • share
  • interchange
  • barter

Antonyms

  • keep
  • retain
  • hold

Common mistakes

  • Confused with 'trade' — 'exchange' is often used in a broader sense.
  • Using 'exchanged' without an object — remember to specify what is being exchanged.
  • Mixing up prepositions — use 'for' correctly when stating what you receive.