›[C]a place or organization where shares, currencies, commodities, etc. are bought and sold: Exchanges in France and Germany rose by about 2%. As the demand for a stock rises and falls on the exchange, the price for the stock will fluctuate.
›[U]MONEY, FINANCEthe process of changing one currency for another: We offer commission-free exchange at our UK ports.exchange of sthDeregulation prevented any barrier to the free exchange of currencies.
›[C or U]an occasion when you give or return something to someone and they give you something else: If an item is faulty you are guaranteed a refund or an exchange.exchange of sthYou may request an exchange of any or all of your shares into another mutual fund in the group.information/knowledge exchange
›[C]an agreement in which two people or groups visit each other's home, place of work, or place of study for a short time in order to learn more about them: on an exchangeThere will be the opportunity to visit Germany on an exchange. an exchange programme/visit/scheme
›[C or U]COMMUNICATIONSan occasion when one person communicates with another, and the other person replies: There was an angry exchange at the meeting.The e-mail exchange between them was released to the court along with other documents.
in exchange (for sth)›given because of something that has been given to you: There's no doubt that stocks carry risk, and reward you with the chance of higher returns in exchange.The group sold half of its London casino business in exchange for shares.