Ex·change, v. t. [imp. & p. p. Exchanged p. pr. & vb. n. Exchanging ]
1. To part with give, or transfer to another in consideration of something received as an equivalent; -- usually followed by for before the thing received.
Exchange his sheep for shells, or wool for a sparking pebble or a diamond. --Locke.
2. To part with for a substitute; to lay aside, quit, or resign (something being received in place of the thing parted with); as, to exchange a palace for cell.
And death for life exchanged foolishly. --Spenser.
To shift his being
Is to exchange one misery with another. --Shak.
3. To give and receive reciprocally, as things of the same kind; to barter; to swap; as, to exchange horses with a neighbor; to exchange houses or hats.
Exchange forgiveness with me, noble Hamlet. --Shak.
Syn: -- To barter; change; commute; interchange; bargain; truck; swap; traffic.