Meaning: Able to be swapped or replaced with something else of equal value
* "The coupons were exchangeable for any item in the store."
* "The hotel offered exchangeable currency at the front desk."
* "The warranty stated that the defective product was exchangeable for a new one."
Meaning: Relating to something that can be exchanged
* "The company's exchangeable bonds allowed investors to convert them into shares of stock."
* "The exchangeable format of the document made it easy to share between different platforms."
* "Exchangeable currencies are often used in international trade."
Meaning: Something that can be interchanged or substituted
* "The two parts were exchangeable, so you could use either one."
* "The artist used exchangeable colors to create a vibrant painting."
* "The software had exchangeable modules that allowed users to customize its functions."