exchange (n.)

word-forming element, in English meaning usually "out of, from," but also "upwards, completely, deprive of, without," and "former;" from Latin ex "out of, from within; from which time, since; according to; in regard to," from PIE *eghs "out" (source also of Gaulish ex-, Old Irish ess-, Old Church Slavonic izu, Russian iz). In some cases also from Greek cognate ex, ek. PIE *eghs had comparative form *eks-tero and superlative *eks-t(e)r-emo-. Often reduced to e- before -b-, -d-, -g-, consonantal -i-, -l-, -m-, -n-, -v- (as in elude, emerge, evaporate, etc.).

c. 1200, "to alter, make different, change" (transitive); early 13c. as "to substitute one for another;" mid-13c. as "to make (something) other than what it was, cause to turn or pass from one state to another;" from late 13c. as "to become different, be altered" (intransitive), from Old French changier "to change, alter; exchange, switch," from Late Latin cambiare "to barter, exchange," extended form of Latin cambire "to exchange, barter." This is held to be of Celtic origin, from PIE root *kemb- "to bend, crook" (with a sense evolution perhaps from "to turn" to "to change," to "to barter"); cognate with Old Irish camm "crooked, curved;" Middle Irish cimb "tribute," cimbid "prisoner;" see cant (n.2).

From c. 1300 as "undergo alteration, become different." In part an abbreviation of exchange. From late 14c. especially as "to give an equivalent for in smaller parts of the same kind" (money). The meaning "to take off clothes and put on other ones" is from late 15c. Related: Changed;changing. To change (one's) mind is from 1590s.