Etymology
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exceed (v.)

late 14c., exceden, "to go beyond," from Old French exceder (14c.) "exceed, surpass, go too far," from Latin excedere "depart, go beyond, be in excess, surpass," from ex "out" (see ex-) + cedere "to go, yield" (from PIE root *ked- "to go, yield"). Related: Exceeded; exceeding. Exceedingly (late 15c.) means "very greatly or very much;" excessively (mid-15c.) means "too greatly or too much."

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Definitions of exceed

exceed (v.)
be greater in scope or size than some standard;
Their loyalty exceeds their national bonds
Synonyms: transcend / surpass
exceed (v.)
be superior or better than some standard;
She exceeded our expectations
Synonyms: transcend / overstep / pass / go past / top
exceed (v.)
be or do something to a greater degree;
This exceeds all my expectations
Synonyms: surpass / outstrip / outmatch / outgo / outdo / surmount / outperform
From wordnet.princeton.edu