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exchange

/ɛksˈtʃeɪndʒ/

noun
An act of exchanging or trading. (Example: All in all, it was an even exchange.)
A place for conducting trading. (Example: The stock exchange is open for trading.)
A telephone exchange.
The fourth through sixth digits of a ten-digit phone number (the first three before the introduction of area codes). (Example: NPA-NXX-1234 is standard format, where NPA is the area code and NXX is the exchange.)
A conversation. (Example: After an exchange with the manager, we were no wiser.)
The loss of one piece and associated capture of another
The thing given or received in return; especially, a publication exchanged for another.
The transfer of substances or elements like gas, amino-acids, ions etc. sometimes through a surface like a membrane.
The difference between the values of money in different places.

exchange

/ɛksˈtʃeɪndʒ/

verb
To trade or barter. (Example: I'll gladly exchange my place for yours.)
To replace with, as a substitute. (Example: I'd like to exchange this shirt for one in a larger size.)
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