Meaning of the word "in exchange for" in English

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

in exchange for

US /ɪn ɪksˈtʃeɪndʒ fɔːr/
UK /ɪn ɪksˈtʃeɪndʒ fɔːr/
"in exchange for" picture

Phrase

as a return for something given or done

Example:
He gave her a book in exchange for her help.
They offered a discount in exchange for a bulk order.