The exchange (chess) The exchange (chess) The exchange in chess refers to a situation in which one player loses a minor piece (i.e. a bishop or knight) but captures the opponent's rook. The side which wins the rook is said to have "won the exchange", while the other player has "lost the exchange", since the rook is usually more valuable. Alternatively, the side that has won the rook is "up the exchange", and the other player is "down 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
Fairy chess piece Pieces invented for use in chess variants rather than problems sometimes instead have special icons designed for them, but with some exceptions (the princess, empress, and occasionally amazon), many of these are not used beyond the individual games they were invented for. Today's chess exists because of variations someone made to the rules of an earlier version of the game. For example, the queen we use today was once able to move only a single square in a diagonal direction, a "ferz". Today, this piece still starts next to the king, but has gained new movement and became today's queen.