Exchange Peak is the largest formation in the Boney Ridge/Backcountry Crags area. It has an extensive southeastern buttress up to 300 ft. in height.
Park at the Sandstone Peak trailhead, 1/2 mile west of the Echo Cliffs/Mishe Mokwa trailhead. Follow the Sandstone Peak trail and fireroad as for Sandstone Peak. Continue west on the fireroad past Sandstone Peak, Mt. Olympus, and Top Hat. From the vicinity of Top Hat, Exchange Peak is the large (highest) peak to the west.