The exchange building was constructed in an area that by the late 1890's was was being established as the commercial centre of Toowoomba.
Designed by architect J Marks and Son, the building was completed some time in 1905.
It consists of two stories, the first floor consisting of a series of four shops, with office space on the second level.
The building today continues to be used as a commercial property and was heritage listed on the Queensland Heritage Register on the 27th October 2000.
Address: 245-253 Margaret St, Toowoomba Q 4350