"exchanging" in the verb sense

1. exchange, change, interchange

give to, and receive from, one another

"Would you change places with me?"

"We have been exchanging letters for a year"

2. change, exchange, commute, convert

exchange or replace with another, usually of the same kind or category

"Could you convert my dollars into pounds?"

"He changed his name"

"convert centimeters into inches"

"convert holdings into shares"

3. switch over, switch, exchange

change over, change around, as to a new order or sequence

4. exchange

hand over one and receive another, approximately equivalent

"exchange prisoners"

"exchange employees between branches of the company"

5. substitute, replace, interchange, exchange

put in the place of another switch seemingly equivalent items

"the con artist replaced the original with a fake Rembrandt"

"substitute regular milk for fat-free milk"

"synonyms can be interchanged without a changing the context's meaning"

6. commute, convert, exchange

exchange a penalty for a less severe one

Source: WordNet® (An amazing lexical database of English)

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