Difference between replacement and exchange

Posted By: Sm Adminon: December 11, 2015In: Miscellaneous

Replacement:
The process of removing something entirely with a new one is replacement.
Exchange:
The act where one thing is given and in return another thing is received is exchange.
Differences:

Basis	Replacement	Exchange
Definition (www.oxforddictionaries.com)	The action or process of replacing someone or something.	An act of giving one thing and receiving another (especially of the same type or value) in return.
Synonyms	Reinstatement, stand-in and restoration	Transaction, transfer, network, interdependence and change
Antonyms	Predecessor	Stagnation
Pronunciation	Eng (UK): /rɪˈpleɪsm(ə)nt / Eng (US): /rəˈplāsmənt /	Eng (UK): /ɪksˈtʃeɪndʒ/ /ɛksˈtʃeɪndʒ/ Eng (US): /iksˈCHānj /
Word origin	The word replacement was firstly used in circa 1790.	The word exchange was originated in Middle English exchangue.
Example in Sentence	They provide a replacement service as well. They are arranging for the replacement of staffs.	She exchanged an old watch with a new watch. They made a deal to exchange a product with a product.