- capable of being exchanged.
Origin of exchangeable
Exchangeable, interchangeable apply to something that may replace something else. That which is exchangeable may be exchanged for money, credit, or other purchases to the amount of the original purchase: These dishes are exchangeable if you find they are not satisfactory. Interchangeable applies to those things capable of being reciprocally put in each other's place: Standard parts are interchangeable.
Dictionary.com Unabridged Based on the Random House Unabridged Dictionary, © Random House, Inc. 2018