Open, organized marketplace (such as a stock exchange) where buyers and sellers negotiate prices. Exchanges require an almost instant (real time) bid and ask matching mechanism, settlement and clearing, and market wide price communication and determination.
Use 'exchange' in a Sentence
1. To give in return for something received; trade: exchange dollars for francs; exchanging labour for room and board.
2. To give and receive reciprocally; interchange: exchange gifts; exchange ideas.
3. To give up for a substitute: exchange a position in the private sector for a post in government.
4. To turn in for replacement: exchange defective merchandise at a store.
I went to a scrap exchange in which everyone brought fabric, sewing notions and patterns so crafters could exchange items they no longer use or need for items they can use and want.
Kyle was a foreign exchange student and would require a lot of time to adapt to his new environment as well as the people.
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