Exchange ( = give and receive in return)
Incorrect: Can I exchange my dollars by pounds?
Correct: Can I exchange my dollars for pounds?
Incorrect : I exchanged seats for Raghib.
Correct: I exchanged seats with Raghib.
Note: The noun 'exchange’ is also followed by ‘for’ in the phrase ‘in exchange for’.
For example:
He gave me an apple in exchange for two bananas.- Chapter 1