“For Christ also suffered once for sins, the righteous for the unrighteous, that he might bring us to God, being put to death in the flesh but made alive in the spirit,” (1 Peter 3:18 ESV)

The righteous for the unrighteous

What Christ did for us on the cross is referred to by many as “the great exchange,” because He exchanged His righteousness for our unrighteousness.

Therefore

“But now He has reconciled you by Christ's physical body through death to present you holy, unblemished, and blameless in His presence” (Col. 1:22)

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

This is called the great exchange!

This is the gospel — the good news that our sins are laid on Christ and his righteousness is laid on us.

This great exchange happens for us not by works but by faith alone. When you receive Christ as your personal savior you instantly become enriched.

Here is what you get in the great exchange

·      Forgiveness according to the riches of His grace. "In Him we have redemption through His blood, the forgiveness of our trespasses, according to the riches of His grace which He lavished on us. In all wisdom and insight." (Eph. 1:7-8 NIV)

·      Every special blessing in Christ. “Praise be to the God and Father of our Lord Jesus Christ, who has blessed us in the heavenly realms with every spiritual blessing in Christ.” (Eph. 1:3 NIV)

·      You have been brought to fullness in Christ. “And in Christ you have been brought to fullness. He is the head over every power and authority.” (Col. 2:10 NIV)

·      Your needs are supplied according to His riches in glory. “And my God will supply all your needs according to His riches in glory in Christ Jesus.” (Phil. 4:19 NIV)

·      You have a great inheritance. “To obtain an inheritance which is imperishable and undefiled and will not fade away, reserved in heaven for you.” (1 Peter 1:4 NIV). “I pray that the eyes of your heart may be enlightened, so that you will know what is the hope of His calling, what are the riches of the glory of His inheritance in the saints.” (Eph. 1:18 NIV)