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In a financial context, 兑换 (duìhuàn) refers to the exchange of one currency for another. It can also refer to the conversion of one form of payment or asset into another, such as exchanging stocks for cash. This term is commonly used in the context of foreign exchange transactions, where one currency is exchanged for another at a specified rate. 兑换 (duìhuàn) can also be used to describe the process of redeeming or exchanging rewards or points for goods or services.
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1. 交换 (jiāo huàn) - exchange, swap, trade
2. 调换 (diào huàn) - exchange, switch, replace
3. 兑付 (duì fù) - redeem, pay off, cash in
4. 兑现 (duì xiàn) - cash, realize, fulfill
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You can use 兑换 (duìhuàn) in a sentence to mean "exchange". For example, you could say: 我想兑换二百美元。 I'd like to change two hundred dollars, please.
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