exchange in WordNet English dictionary

1. a workplace that serves as a telecommunications facility where lines from telephones can be connected together to permit communication
   central  telephone exchange  exchange 
   
2. the act of putting one thing or person in the place of another: "he sent Smith in for Jones but the substitution came too late to help"
   substitution  exchange  commutation 
   
3. reciprocal transfer of equivalent sums of money (especially the currencies of different countries)
   "he earns his living from the interchange of currency"
   exchange  interchange 
   
4. the act of changing one thing for another thing
   "Adam was promised immortality in exchange for his disobedience"; "there was an interchange of prisoners"
   exchange  interchange 
   
5. the act of giving something in return for something received
   "deductible losses on sales or exchanges of property are allowable"
   exchange 
   
6. (chess) the capture by both players (usually on consecutive moves) of pieces of equal value
   "the endgame began after the exchange of queens"
   exchange 
   
7. (chess) gaining (or losing) a rook in return for a knight or bishop
   "black lost the exchange"
   exchange 
   
8. (sports) an unbroken sequence of several successive strokes
   "after a short rally Connors won the point"
   rally  exchange 
   
9. a workplace for buying and selling; open only to members
   exchange 
   
10. a mutual expression of views (especially an unpleasant one)
    "they had a bitter exchange"
    exchange 
    
11. chemical process in which one atom or ion or group changes places with another
    exchange 
    

1. exchange or replace with another, usually of the same kind or category
   "Could you convert my dollars into pounds?"; "He changed his name"; "convert centimeters into inches"; "convert holdings into shares"
   change  exchange  commute  convert 
   
2. give to, and receive from, one another
   "Would you change places with me?"; "We have been exchanging letters for a year"
   exchange  change  interchange 
   
3. exchange a penalty for a less severe one
   commute  convert  exchange 
   
4. change over, change around, as to a new order or sequence
   switch over  switch  exchange 
   
5. put in the place of another; switch seemingly equivalent items
   "the con artist replaced the original with a fake Rembrandt"; "substitute regular milk with fat-free milk"; "synonyms can be interchanged without a changing the context's meaning"
   substitute  replace  interchange  exchange 
   
6. hand over one and receive another, approximately equivalent
   "exchange prisoners"; "exchange employees between branches of the company"
   exchange