exchange

♦♦ ex|change /ɪkstʃ'eɪndʒ/ (exchanges exchanging exchanged)
1 [V-RECIP] pl-n V, V n with n
If two or more people exchange things of a particular kind, they give them to each other at the same time.
We exchanged addresses and Christmas cards...
He exchanged a quick smile with her then entered the lift.
[N-COUNT] oft N of pl-n
Exchange is also a noun.
He ruled out any exchange of prisoners with the militants.
...a frank exchange of views.
2 [VERB] V n, V n for n
If you exchange something, you replace it with a different thing, especially something that is better or more satisfactory.
...the chance to sell back or exchange goods...
If the car you have leased is clearly unsatisfactory, you can always exchange it for another.
3 [N-COUNT]
An exchange is a brief conversation, usually an angry one. (FORMAL)
There've been some bitter exchanges between the two groups.
4 [N-COUNT] oft N of n
An exchange of fire, for example, is an incident in which people use guns or missiles against each other.
There was an exchange of fire during which the gunman was wounded...
5 [N-COUNT] usu adj N
An exchange is an arrangement in which people from two different countries visit each other's country, to strengthen links between them.
...a series of sporting and cultural exchanges with Seoul...
I'm going to go on an exchange visit to Paris.
6 [N-COUNT] usu the N
The exchange is the same as the telephone exchange.
7
see also corn exchange, foreign exchange,
8 [PHRASE] usu PHR for n, PHR with cl
If you do or give something in exchange for something else, you do it or give it in order to get that thing.
It is illegal for public officials to solicit gifts or money in exchange for favors...corn ex|change (corn exchanges)
also Corn Exchange
[N-COUNT]
A corn exchange is a large building where, in former times, grain was bought and sold. (BRIT)♦ ex|change rate (exchange rates)
[N-COUNT]
The exchange rate of a country's unit of currency is the amount of another country's currency that you get in exchange for it.for|eign ex|change (foreign exchanges)
1 [N-PLURAL]
Foreign exchanges are the institutions or systems involved with changing one currency into another.
On the foreign exchanges, the US dollar is up point forty-five.
2 [N-UNCOUNT] oft N n
Foreign exchange is used to refer to foreign currency that is obtained through the foreign exchange system.
...an important source of foreign exchange.
...foreign-exchange traders.nee|dle ex|change (needle exchanges)
also needle-exchange
[N-COUNT]
A needle exchange is a place where drug addicts are able to obtain new syringes in exchange for used ones.
...needle exchange schemes.part ex|change
also part-exchange
[N-UNCOUNT] oft in N
If you give an old item in part exchange for something you are buying, the seller accepts the old item as part of the payment, so you do not have to give them as much money. (BRIT)
Electrical retailers will often take away old appliances if you buy a new one, sometimes in part-exchange.rate of ex|change (rates of exchange)
[N-COUNT]
A rate of exchange is the same as an exchange rate.
...four thousand dinars-about four hundred dollars at the official rate of exchange.
= exchange rate♦ stock ex|change (stock exchanges)
[N-COUNT] usu the N in sing
A stock exchange is a place where people buy and sell stocks and shares. The stock exchange is also the trading activity that goes on there and the trading organization itself. (BUSINESS)
The shortage of good stock has kept some investors away from the stock exchange.
...the New York Stock Exchange.
= stock markettele|phone ex|change (telephone exchanges)
[N-COUNT]
A telephone exchange is a building where connections are made between telephone lines. (mainly BRIT)

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