noun a trade or swap of goods or services
verb to give something in return for something else
Exchange rates are used to determine the value of one currency in terms of another.
Data exchange refers to the transfer of information between systems or devices.
Business exchanges can refer to negotiations, transactions, or partnerships between companies.
Currency exchange services allow travelers to convert their money into the local currency of the country they are visiting.
Stock exchanges are platforms where securities are bought and sold.
Language exchange programs allow individuals to practice speaking in a foreign language with native speakers.
In the field of writing, 'exchange' can refer to the swapping of ideas or information between characters in a story, the dialogue between characters, or the negotiation of terms between authors and publishers.
Psychologists may use the term 'exchange' to describe interactions between individuals in therapy sessions, the sharing of emotions and thoughts between clients and therapists, or the process of giving and receiving feedback in a therapeutic setting.
For financial analysts, 'exchange' typically refers to the buying and selling of financial instruments such as stocks, bonds, or currencies on a trading platform. It can also describe the transfer of assets between parties in a financial transaction.
In human resources, 'exchange' can relate to the negotiation of terms in employment contracts, the sharing of feedback between employees and managers, or the transfer of benefits or compensation in a company.
For marketing managers, 'exchange' often refers to the interaction between a company and its customers, the communication of value propositions or offers, or the transactional process of buying and selling products or services.