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English definition of “exchange”

exchange

verb [T]     /ɪksˈtʃeɪndʒ/
B1 to give something to someone and receive something from that person: It's traditional for the two teams to exchange shirts after the game. I exchanged those trousers for a larger size. Every month the group meets so its members can exchange their views/opinions (= have a discussion). We exchanged greetings before the meeting. We can exchange addresses when we see each other. Exchanging houses (= going to live in someone else's house while they live in yours) for a few weeks is a good way of having a holiday.Replacing and exchanging exchangeable     /-ˈtʃeɪn.dʒə.bl̩/ adjective Goods are exchangeable as long as they are returned in good condition.Replacing and exchanging
(Definition of exchange verb from the Cambridge Advanced Learner's Dictionary & Thesaurus © Cambridge University Press)
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