1.
exchange, redemption
The act of exchanging one thing for another, particularly exchanging a ticket, voucher, or token for goods or services.
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.
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:
The sense 2 pattern ～に引き換え is used to draw an unfavorable contrast, often implying criticism.