The difference between Exchange and Replace
When used as verbs, exchange means to trade or barter, whereas replace means to restore to a former place, position, condition, etc.
Exchange is also noun with the meaning: an act of exchanging or trading.
check bellow for the other definitions of Exchange and Replace
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Exchange as a noun:
An act of exchanging or trading.
Examples:
"All in all, it was an even exchange."
"an exchange of cattle for grain"
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Exchange as a noun:
A place for conducting trading.
Examples:
"The stock exchange is open for trading."
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Exchange as a noun:
A telephone exchange.
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Exchange as a noun (telephony, US):
The fourth through sixth digits of a ten-digit phone number (the first three before the introduction of area codes).
Examples:
"The 555 exchange is reserved for use by the phone company, which is why it's often used in films."
"NPA-NXX-1234 is standard format, where NPA is the area code and NXX is the exchange."
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Exchange as a noun:
A conversation.
Examples:
"After an exchange with the manager, we were no wiser."
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Exchange as a noun (chess):
The loss of one piece and associated capture of another The loss of a relatively minor piece (typically a bishop or knight) and associated capture of the more advantageous rook
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Exchange as a noun (obsolete):
The thing given or received in return; especially, a publication exchanged for another.
Examples:
"rfquotek Shakespeare"
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Exchange as a noun (biochemistry):
The transfer of substances or elements like gas, amino-acids, ions etc. sometimes through a surface like a membrane.
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Exchange as a noun (finance):
The difference between the values of money in different places.
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Exchange as a verb (transitive):
To trade or barter.
Examples:
"I'll gladly exchange my place for yours."
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Exchange as a verb (transitive):
To replace with, as a substitute.
Examples:
"I'd like to exchange this shirt for one in a larger size."
"Since his arrest, the mob boss has exchanged a mansion for a jail cell."
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Replace as a verb (transitive):
To restore to a former place, position, condition, etc.; to put back
Examples:
"When you've finished using the telephone, please replace the handset."
"The earl...was replaced in his government.'' rfdatek Francis Bacon"
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Replace as a verb (transitive):
To refund; to repay; to restore
Examples:
"You can take what you need from the petty cash, but you must replace it tomorrow morning."
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Replace as a verb (transitive):
To supply or substitute an equivalent for.
Examples:
"I replaced my car with a newer model."
"The batteries were dead so I replaced them"
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Replace as a verb (transitive):
To take the place of; to supply the want of; to fulfill the end or office of.
Examples:
"This security pass replaces the one you were given earlier."
"This duty of right intention does not replace or supersede the duty of consideration.'' rfdatek William Whewell"
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Replace as a verb (transitive):
To demolish a building and build an updated form of that building in its place.
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Replace as a verb (transitive, rare):
To place again.
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Replace as a verb (transitive, rare):
To put in a new or different place.