There followed a brief exchange between Chandler and Joey in the room

a brief exchange

Meaning : a short conversation

His angry exchange with the referee earned him a yellow card

an angry exchange

Meaning : you show that you are annoyed in this conversation

I overheard a heated exchange between John and his wife

a heated exchange

Meaning : a very angry conversation

We used to have a verbal exchange before the Telegram was created

a verbal exchange

Meaning : spoken conversation rather than written