The great exchange, as I call it, is without a doubt the greatest gift of grace that could possibly be given by God.

We have seen that Jesus was our “Representative” as well as our “Substitute” in the making of the New Covenant, but that is only the prelude to the most amazing miracle every performed on the earth on behalf of mankind. It is the greatest example of the love of our Heavenly Father and His unconditional love and grace. I call it the “Great Exchange”. Let’s see what I mean.

Remember, when I talked about making a covenant between two parties there was always an exchange of various things that took place such as the belts, weapons, coats, names, etc. Well, in the making of the New Covenant there was also exchanges made between the parties. Let’s begin to examine what took place because it was literally the great exchange of life. Remember when Jesus said in John 10:14 -- “…I came that they might have LIFE, and might have it abundantly.”

The reason it would be "abundant life" is because it would be His life He was giving us and in exchange He was taking our "death" on the cross.

Isaiah 53:5 gives us a preview of one of the great exchanges, “But He was wounded for our transgressions, He was bruised for our iniquities, the chastisement for our peace was upon Him, and by His stripes we are healed.” Notice He got the wounds for our transgressions and the bruises for our iniquities -- we didn’t. Notice that we got peace -- He got chastisement. Jesus got stripes -- we received healing.

One of my favorite scriptures is found in 1 John 4:17 -- “Herein is our love made perfect, that we might have boldness in the Day of Judgment: because as He is, so are we in this world.”

Let’s begin to look at a partial list of what we have now because of this great exchange.


Jesus gets our sin -- we get His righteousness.

2 Corinthians 5:21 -- “He made Him who knew no sin to be sin on our behalf, that we might become the righteousness of God in Him.”

Please note that this righteousness we receive is not the result of something that we did. It is all based upon what Jesus did for us -- His grace. This righteousness is the same as what God the Father or Jesus have. There is no upper or lower level and that is why we can come boldly and with confidence before our Father with our prayer requests. Hebrews 4:16. This has to be the greatest of all the great exchanges made available to us.


Jesus gets our sin nature ---- we get his divine nature.

Galatians 2:20 -- “I have been crucified with Christ; and it is no longer I who live, but Christ lives in me; and the life that I now live in the flesh I live by faith in the Son of God, who loved me, and delivered Himself up for me.”

2 Peter 1:4 -- “For by these He has granted to us His precious and magnificent promises, in order that by them you might become partakers of the divine nature, having escaped the corruption that is in the world by lust.”

Our “old man” was placed upon Jesus at the crucifixion and we became “new creations in Christ” because we received His divine nature. We become like Jesus: fully human, but also with a divine nature. We become “ONE” with Him in the eyes of God the Father. We are inUNION WITH HIM through covenant.


Jesus received our name (son of man) -- we get the use of His name which carries all authority (the power of attorney)

John 14:13 -- “And whatever you ask in My name that will I do that the Father may be glorified in the Son.”

Acts 3:6-8 -- “Then Peter said, ‘Silver and gold have I none; but such as I have give I thee: In the name of Jesus Christ of Nazareth rise up and walk. And he took him by the right hand and lifted him up: and immediately his ankle and feet bones received strength. And he leaping up, stood and walked, and entered with them into the temple, walking, and leaping, and praising God.”


Jesus gets our sickness and disease --- we get His healing

1 Peter 2:24 -- “and He Himself bore our sins in His body on the cross, that we might die to sin and live to righteousness; for by His wounds you were healed.”


Jesus gets our poverty -- we get His prosperity

2 Corinthians 8:9 -- “For you know the grace of our Lord Jesus Christ, that though He was rich, yet for your sake He became poor, that you through His poverty might become rich.”

3 John 1:2 -- “Beloved, I wish above all things that you may prosper and be in health, even as your soul prospers.”

Philippians 4:19 -- “But my God shall supply all of your needs according to His riches in glory in Christ Jesus.”

God has never been opposed to people having wealth & riches. He wants us to have enough to meet our own needs abundantly and have some left over to give to others that have need. That is the biblical standard.


Jesus get the curse of the Law --- we get the blessings of Abraham

Galatians 3:14-15 -- “Christ has redeemed us from the curse of law, having become a curse for us -- for it is written, ‘Cursed is everyone who hangs on a tree…’ -- in order that in Christ Jesus the blessing of Abraham might come to the Gentiles, so that we might receive the promise of the Spirit through faith.”

If you read Deuteronomy 28 you will find the blessings and the curses. The first half of the chapter is the blessing which we receive. Under the Law if I obey the commandments I will live under God’s blessing, but if I fail and break a commandment then I get the curse of the Law. The blessings of God under the Law of the Old Covenant are totally dependent upon"my performance”. In the Church today it is amazing and sad how manyare still living under the requirements of the Law with a “performance based Christianity”. Trying to earn God’s favor and blessing by what we do. It is a futile way to live the Christian life. Performance based Christianity is a counterfeit Christianity based upon the requirements of the Old Covenant Jewish Law.

True New Testament Christianity is based upon resting in the finished work of Jesus as being "in Him" and receiving the blessings of that “finished work” by faith.


Jesus was forsaken as a son -- we become sons of God

Matthew 27:46 -- “And about the nineth hour Jesus cried out with a loud voice, saying, ‘Eli! Eli! Lama sabachthani?’ That is ‘My God! My God! Why have You forsaken Me?"

1 John 3:1 -- “See how great a love the Father has bestowed upon us, that we should be called children of God; and such we are.”

John 1:12 -- “But as many as received Him, to them He gave the right to become children of God, even to those who believe in His name.”

Romans 8:14-17 -- we joint-heirs with Jesus


Jesus experienced rejection from the Father’s presence -- we receive His fellowship with the Father

1 John 1:3-4 -- “…that you also may have fellowship with us; and indeed our fellowship is with the Father, and with His Son Jesus Christ. And these things we write to you that your joy may be full.”

1 Corinthians 1:9 -- “God is faithful, through whom you were called into fellowship with His son, Jesus Christ our Lord.”

It is astonishing that Jesus and the Father were separated for three days after Jesus died on the cross. That was the only time in history that they had ever been separated. We cannot possible comprehend how terrible a price God paid for our salvation to become a reality. But because of this price being paid we now have access to the fellowship of the triune God. We can have an intimate fellowship with the Father, the Son, and the Holy Spirit as a result of Jesus paying this debt for our sin.

Hebrews 9:11-14 -- tells us that after the three day separation the fellowship of the Father and the Son was restored when Jesus rose from the grave and ascended into the heavens. This occurred so Jesus could present His spilled blood to the Father to pay for the redemption of humanity and to bring about humanity's restoration to fellowship with the Father. This was when Jesus became our High Priest before the Father and we now can come BOLDLY before the throne of God and stand in total righteousness as a son to present our requests.

Hebrews 4:14-16 and Hebrews 10:19-22.

God, Himself, in Jesus, destroyed the barrier of sin between God and humanity.

See Ephesians 2:4-7 and 18-19.

The great exchanges that I have listed above are only a few of the ones recorded in the scriptures, but you can see from these how absolutely empowering these facts are. We are no longer to approach God as the humble sinner saved by grace. We are to approach God as His son in full righteousness as though we are joint-heirs and co-laborers with Jesus as we are seated with Christ at the right hand of God the Father.


You have to admit that the understanding of our covenant with God through Jesus is absolutely amazing, radical, and revolutionary to our human existence; but, how do these realities get worked out in your daily living experience?

Are YOU "experiencing" the benefits of your covenant with God through Jesus?

Let's continue to explore our new covenant and the revolution it created for us to be a part of. Let's find out what it means to be "in Him".

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"Declaring the New Covenant and that the kingdom of God is at hand"

Rob Board Ministries
Christiansburg, Virginia 24073