Meaning of the word exchange in English

What does exchange mean in English? Explore the meaning, pronunciation, and specific usage of this word with Lingoland.

exchange

US /ɪksˈtʃeɪndʒ/
UK /ɪksˈtʃeɪndʒ/
"exchange" picture

Noun

1.

an act of giving something and receiving something else in return

Example:
•
We made an exchange of gifts.
•
The exchange rate between the two currencies is favorable.
2.

a place where people meet to trade or do business

Example:
•
The stock exchange opens at 9:30 AM.
•
He works at the commodity exchange.

Verb

give something and receive something else in return

Example:
•
Can I exchange this shirt for a different size?
•
They exchanged vows during the ceremony.