I gave him my old phone in exchange for his new one.

The two items are exchangable.

You can use these two words exchangeably.

The exchangeabilities of the two currencies are constantly fluctuating.

These items are exchangeables.

The exchangability of the two products makes them interchangeable.

He gave up his job in exchange for a higher salary.

There are many stock exchanges around the world.

Key exchanges are essential for maintaining secure communication.

Foreign exchanges play a crucial role in the global economy.