The crowd went wild. High fives were exchanged.
Is 'exchanged' OK? Are there other and better options?
This is acceptable. scientists at Aberystwyth University exchanged handshakes, high fives and fist-bumps, and found that transfer of potentially disease causing bacteria was highest during a handshake.
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This is acceptable. See this quote from https://www.thefreedictionary.com/high+fives: ...scientists at Aberystwyth University exchanged handshakes, high fives and fist-bumps, and found that transfer of potentially disease causing bacteria was highest during a handshake.