As a noun:
* The highway interchange was a confusing mess of ramps and lanes.
* The city center is a hub of economic activity, with a bustling interchange of goods and services.
* There was a lively interchange of ideas during the debate.
* The two teams engaged in a spirited interchange of points and counterpoints.
As a verb:
* The train will interchange passengers with the subway line at the next station.
* Please interchange the batteries in your remote control to see if that solves the problem.
* We need to interchange the roles of the actors for the second act of the play.
The specific meaning of "interchange" will depend on the context. However, it generally refers to a place or process where things are exchanged or switched.