1.
exchange, redemption
The act of exchanging one thing for another, particularly exchanging a ticket, voucher, or token for goods or services.
クーポンとの引き換えです。
This is an exchange for a coupon.
引き換え券を窓口に出してください。
Please present your exchange voucher at the counter.
このレシートと引き換えに商品をお渡しします。
We will hand over the goods in exchange for this receipt.
2.
in return for, in exchange for, at the cost of
Used with the particle に as 〜に引き換え or 〜と引き換えに to express obtaining something at the expense of something else, or to contrast two things.
自由と引き換えに安定を得た。
I gained stability at the cost of freedom.
健康と引き換えにした成功に意味はない。
Success achieved at the expense of one's health is meaningless.
彼の努力に引き換え、私は何もしていなかった。
In contrast to his efforts, I had done nothing.
SENSE 1 (exchange):
Refers to a physical or transactional exchange. Often appears in compound forms:
- 引き換え券: exchange voucher, redemption ticket
- 引き換え所: exchange counter
SENSE 2 (in return for):
Used with particles と or に to form adverbial phrases:
- ～と引き換えに: in exchange for, at the cost of
- ～に引き換え: in contrast to, compared to
The sense 2 pattern ～に引き換え is used to draw an unfavorable contrast, often implying criticism.