Games - The exchange

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	Games - The exchange

The exchange in chess refers to a situation in which one player loses a minor piece (bishop or knight) but captures his opponent's rook. The side which wins the rook is said to have "won the exchange," while the other player has "lost the exchange." The opposing captures often happen on consecutive moves, although this is not strictly necessary. It is generally detrimental to lose the exchange, although occasionally one may find reason to purposely do so.

Note that this term differs from the more general "exchange" or "an exchange," which refers to the loss and subsequent gain of arbitrary pieces.

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the exchange