Kids can learn about sharing. In a gift exchange, they give away something they have, which is an act of sharing. For example, if a child gives a toy they like, they are sharing the joy that toy can bring with another kid.
Kids can learn about generosity. When they participate in a gift exchange, they are being generous. They are thinking about making someone else happy with their gift. Also, they can learn about patience. They have to wait their turn to pick a gift or receive one. This helps them develop self - control and patience, which are important life skills.
They can also learn about the unexpected. When they exchange gifts, they don't know what they will get. This can teach them to be open - minded and accept whatever comes their way. For instance, they might expect a big, fancy gift but end up with a small but very meaningful one, and they should still be happy about it. Moreover, they learn about the value of different things. A simple handmade gift can be as valuable as an expensive store - bought one in the context of a gift exchange.