diff --git a/backend/tests/test_crud.py b/backend/tests/test_crud.py
index 5eac231..1ae5a55 100644
--- a/backend/tests/test_crud.py
+++ b/backend/tests/test_crud.py
@@ -561,6 +561,79 @@ def test_update_cycle_immutable_fields(session: Session) -> None:
     )
 
 
+# Exchanges
+def test_create_exchange(session: Session) -> None:
+    exchange_data = {
+        "name": "NYSE",
+        "notes": "New York Stock Exchange",
+    }
+    exchange = crud.create_exchange(session, exchange_data)
+    assert exchange.id is not None
+    assert exchange.name == exchange_data["name"]
+    assert exchange.notes == exchange_data["notes"]
+
+    session.refresh(exchange)
+    actual_exchange = session.get(models.Exchanges, exchange.id)
+    assert actual_exchange is not None
+    assert actual_exchange.name == exchange_data["name"]
+    assert actual_exchange.notes == exchange_data["notes"]
+
+
+def test_get_exchange_by_id(session: Session) -> None:
+    exchange_id = make_exchange(session, name="LSE")
+    exchange = crud.get_exchange_by_id(session, exchange_id)
+    assert exchange is not None
+    assert exchange.id == exchange_id
+    assert exchange.name == "LSE"
+
+
+def test_get_exchange_by_name(session: Session) -> None:
+    exchange_name = "TSX"
+    make_exchange(session, name=exchange_name)
+    exchange = crud.get_exchange_by_name(session, exchange_name)
+    assert exchange is not None
+    assert exchange.name == exchange_name
+
+
+def test_get_all_exchanges(session: Session) -> None:
+    exchange_names = ["NYSE", "NASDAQ", "LSE"]
+    for name in exchange_names:
+        make_exchange(session, name=name)
+
+    exchanges = crud.get_all_exchanges(session)
+    assert len(exchanges) >= 3
+    fetched_names = {ex.name for ex in exchanges}
+    for name in exchange_names:
+        assert name in fetched_names
+
+
+def test_update_exchange(session: Session) -> None:
+    exchange_id = make_exchange(session, name="Initial Exchange")
+    update_data = {
+        "name": "Updated Exchange",
+        "notes": "Updated notes for the exchange",
+    }
+    updated_exchange = crud.update_exchange(session, exchange_id, update_data)
+    assert updated_exchange is not None
+    assert updated_exchange.id == exchange_id
+    assert updated_exchange.name == update_data["name"]
+    assert updated_exchange.notes == update_data["notes"]
+
+    session.refresh(updated_exchange)
+    actual_exchange = session.get(models.Exchanges, exchange_id)
+    assert actual_exchange is not None
+    assert actual_exchange.name == update_data["name"]
+    assert actual_exchange.notes == update_data["notes"]
+
+
+def test_delete_exchange(session: Session) -> None:
+    exchange_id = make_exchange(session, name="Deletable Exchange")
+    crud.delete_exchange(session, exchange_id)
+    deleted_exchange = session.get(models.Exchanges, exchange_id)
+    assert deleted_exchange is None
+
+
+# Users
 def test_create_user(session: Session) -> None:
     user_data = {
         "username": "newuser",
diff --git a/backend/trading_journal/crud.py b/backend/trading_journal/crud.py
index 5ce6fb4..9e998bd 100644
--- a/backend/trading_journal/crud.py
+++ b/backend/trading_journal/crud.py
@@ -245,6 +245,83 @@ def update_cycle(session: Session, cycle_id: int, update_data: Mapping) -> model
     return cycle
 
 
+# Exchanges
+IMMUTABLE_EXCHANGE_FIELDS = {"id"}
+
+
+def create_exchange(session: Session, exchange_data: Mapping) -> models.Exchanges:
+    if hasattr(exchange_data, "dict"):
+        data = exchange_data.dict(exclude_unset=True)
+    else:
+        data = dict(exchange_data)
+    allowed = {c.name for c in models.Exchanges.__table__.columns}
+    payload = {k: v for k, v in data.items() if k in allowed}
+    if "name" not in payload:
+        raise ValueError("name is required")
+
+    e = models.Exchanges(**payload)
+    session.add(e)
+    try:
+        session.flush()
+    except IntegrityError as e:
+        session.rollback()
+        raise ValueError("create_exchange integrity error") from e
+    session.refresh(e)
+    return e
+
+
+def get_exchange_by_id(session: Session, exchange_id: int) -> models.Exchanges | None:
+    return session.get(models.Exchanges, exchange_id)
+
+
+def get_exchange_by_name(session: Session, name: str) -> models.Exchanges | None:
+    statement = select(models.Exchanges).where(
+        models.Exchanges.name == name,
+    )
+    return session.exec(statement).first()
+
+
+def get_all_exchanges(session: Session) -> list[models.Exchanges]:
+    statement = select(models.Exchanges)
+    return session.exec(statement).all()
+
+
+def update_exchange(session: Session, exchange_id: int, update_data: Mapping) -> models.Exchanges:
+    exchange: models.Exchanges | None = session.get(models.Exchanges, exchange_id)
+    if exchange is None:
+        raise ValueError("exchange_id does not exist")
+    if hasattr(update_data, "dict"):
+        data = update_data.dict(exclude_unset=True)
+    else:
+        data = dict(update_data)
+    allowed = {c.name for c in models.Exchanges.__table__.columns}
+    for k, v in data.items():
+        if k in IMMUTABLE_EXCHANGE_FIELDS:
+            raise ValueError(f"field {k!r} is immutable")
+        if k in allowed:
+            setattr(exchange, k, v)
+    session.add(exchange)
+    try:
+        session.flush()
+    except IntegrityError as e:
+        session.rollback()
+        raise ValueError("update_exchange integrity error") from e
+    session.refresh(exchange)
+    return exchange
+
+
+def delete_exchange(session: Session, exchange_id: int) -> None:
+    exchange: models.Exchanges | None = session.get(models.Exchanges, exchange_id)
+    if exchange is None:
+        return
+    session.delete(exchange)
+    try:
+        session.flush()
+    except IntegrityError as e:
+        session.rollback()
+        raise ValueError("delete_exchange integrity error") from e
+
+
 # Users
 IMMUTABLE_USER_FIELDS = {"id", "username", "created_at"}