Meaning of the word exchanged in English

What does exchanged mean in English? Explore the meaning, pronunciation, and specific usage of this word with Lingoland.

exchanged

US /ɪksˈtʃeɪndʒd/
UK /ɪksˈtʃeɪndʒd/

Verb

1.

given something and received something else in return

Example:
They exchanged gifts on Christmas morning.
We exchanged pleasantries before getting down to business.
2.

given or received money for the equivalent sum in a different currency

Example:
I exchanged my dollars for euros at the bank.
The traveler exchanged his local currency for foreign currency at the airport.