1. the quality or state of being able to be exchanged or traded for something else of equal value
Usage: commonly used in economics, commerce, and philosophy
2. the capacity of one thing to be substituted for another without loss of function or value
Usage: technical usage in logic and mathematics

Examples

• The exchangeability of currency between nations depends on stable exchange rates.
• In economics, the exchangeability of goods is fundamental to market transactions.
• The exchangeability of parts in manufacturing reduces production costs.
• Philosophers debate the exchangeability of identical objects in metaphysics.
• The contract guarantees the exchangeability of defective products within 30 days.
• Digital tokens derive value from their exchangeability on cryptocurrency markets.