Usage patterns
〈物〉を引き換えに渡すto hand something over in exchange (for something else)
I handed over the money in exchange for the goods.
引き換え券を渡すto hand over an exchange coupon/voucher
I was handed an exchange voucher at the reception desk.
代金引き換えで支払うto pay by cash on delivery
I paid for the item by cash on delivery.
Expressions
に引き換えin contrast to; unlike; while; whereas