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
The Morals of Chess chess to life and writes that foresight, circumspection and caution can be learnt from the game. After describing the effects chess can have on one's perception of life he describes a set of moral rules that a chess player should hold, including to not cheat and not disturb the opponent. Franklin suggests that the opponent be told about mistakes he makes, for example if he would lose a piece. The essay is one of the first texts about chess that was published in the United States; it appeared in the first chess-related book that was published in Russia in 1791.