Word: Exchange

Pronunciation

/ɪksˈtʃeɪndʒ/

Definitions

• Noun:

  • A place where goods, services, or money can be bought, sold, or traded, often referring to a market or stock exchange. Example: “They met at the busy farmers’ market for an exchange of produce.”
  • An act of giving or taking one thing in return for another; barter or trade. Example: “The company facilitated an exchange of ideas between industry experts.”
  • The process of giving and receiving reciprocally, especially the substitution of one thing for another. Example: “She arranged for an exchange program with a French school.”
  • In telecommunications, it refers to a system or network that allows information or messages to be transmitted from one party to another.

• Verb:

  • To give something and receive something else in its place. Example: “We decided to exchange gifts on Christmas Eve.”
  • To communicate or share information with others. Example: “They exchanged pleasantries before starting their discussion.”
  • To replace one thing with another. Example: “She exchanged her old car for a newer model.”

Phrases

• “Stock exchange”: A marketplace where securities, such as stocks and bonds, are bought and sold.
• “Currency exchange”: A place where one currency can be converted into another.
• “Exchange student”: A student who travels abroad to study at a foreign school as part of a reciprocal educational program.
• “Exchange of gunfire”: When two parties shoot at each other during a conflict.
• “Exchange vows”: When two people getting married recite their promises to each other.

Example Sentences

• Noun: “The bank provides a reliable platform for currency exchange.”
• Verb: “I exchanged my US dollars for Euros at the airport.”

Synonyms

• Trade
• Barter
• Swap
• Switch
• Interchange
• Transaction
• Deal
• Market
• Trading (for the noun sense)
• Replace (for the verb sense)