verb (used with object), exchanged, exchanging.
to give up (something) for something else; part with for some equivalent; change for another.
to replace (returned merchandise) with an equivalent or something else:
Most stores will allow the purchaser to exchange goods.
to give and receive reciprocally; interchange:
to exchange blows; to exchange gifts.
to part with in return for some equivalent; transfer for a recompense; barter:
to exchange goods with foreign countries.
Chess. to capture (an enemy piece) in return for a capture by the opponent generally of pieces of equal value.
verb (used without object), exchanged, exchanging.
to make an exchange; engage in bartering, replacing, or substituting one thing for another.
to pass or be taken in exchange or as an equivalent.
the act, process, or an instance of exchanging:
The contesting nations arranged for an exchange of prisoners; money in exchange for services.
something that is given or received in exchange or substitution for something else:
The car was a fair exchange.
a place for buying and selling commodities, securities, etc., typically open only to members.
a central office or central station:
a telephone exchange.
the method or system by which debits and credits in different places are settled without the actual transfer of money, by means of bills of exchange representing money values.
the discharge of obligations in different places by the transfer of credits.
the amount or percentage charged for exchanging money, collecting a draft, etc.
the reciprocal transfer of equivalent sums of money, as in the currencies of two different countries.
the giving or receiving of a sum of money in one place for a bill ordering the payment of an equivalent sum in another.
the amount of the difference in value between two or more currencies, or between the values of the same currency at two or more places.
the checks, drafts, etc., exchanged at a clearinghouse.
Chess. a reciprocal capture of pieces of equivalent value by opponents in a single series of moves.
a person or thing that exchanges
(transitive) to give up, part with, or transfer (one thing) for an equivalent: to exchange gifts, to exchange francs for dollars
(transitive) to give and receive (information, ideas, etc); interchange
(transitive) to replace (one thing) with another, esp to replace unsatisfactory goods
to transfer or hand over (goods) in return for the equivalent value in kind rather than in money; barter; trade
(transitive) (chess) to capture and surrender (pieces, usually of the same value) in a single sequence of moves
the act or process of exchanging
an argument or quarrel; altercation: the two men had a bitter exchange
Also called telephone exchange. a switching centre in which telephone lines are interconnected
a transfer or interchange of sums of money of equivalent value, as between different national currencies or different issues of the same currency
(often pl) the cheques, drafts, bills, etc, exchanged or settled between banks in a clearing house
(chess) the capture by both players of pieces of equal value, usually on consecutive moves
(chess) lose the exchange, to lose a rook in return for a bishop or knight
(chess) win the exchange, to win a rook in return for a bishop or knight
(med) another word for transfusion (sense 2)
(physics) a process in which a particle is transferred between two nucleons, such as the transfer of a meson between two nucleons
late 14c., “act of reciprocal giving and receiving,” from Anglo-French eschaunge, Old French eschange (Modern French échange), from Late Latin excambium, from excambiare, from Latin ex- “out” (see ex-) + cambire “barter” (see change). Practice of merchants or lenders meeting to exchange bills of debt led to meaning “building for mercantile business” (1580s).
late 15c., from Old French eschangier “exchange, barter,” from Vulgar Latin *excambiare (source of Italian scambiare); see exchange (n.). Related: Exchanged; exchanging.
exchange ex·change (ĭks-chānj’)
v. ex·changed, ex·chang·ing, ex·chang·es
To substitute one thing for another. n.
The act of substituting one thing for another.
see: in exchange
noun 1. the ratio at which a unit of the currency of one country can be exchanged for that of another country. noun 1. the rate at which the currency unit of one country may be exchanged for that of another The price at which one currency can be purchased with another currency or gold. […]
- Exchange rate mechanism
noun 1. the mechanism formerly used in the European Monetary System in which participating governments committed themselves to maintain the values of their currencies in relation to the ECU ERM 2. Also Exchange Rate Mechanism II. the mechanism used to stabilize the currencies of European Union states that have not adopted the euro but wish […]
- Exchange server
noun 1. . noun 1. a monetary reserve established by a country to provide funds for maintaining the official exchange rates of its currency by equalizing the buying and selling of foreign exchange.