The European Commission's website describes it like this:
Youth Exchanges offer an opportunity for groups of young people from different countries to meet and learn about each other’s cultures.
What is the aim?
The aim of Youth Exchanges is to get groups of young people from different countries together so they can explore their social and cultural differences and similarities. Youth Exchanges are targeted at young people between the age of 13 and 25. They receive the unique opportunity to experience significant mutual learning situations and to strengthen their feeling of being Europeans. Each exchange must have a theme that is relevant to the daily experiences of the young people involved but also has a clear European dimension.
Age limits
The participants should be 13-25 years old. However there is the possibility for participants aged 26-30, but this cannot exceed the 20% of the total number of the participants.
Youth Leader
Every group has to be accompanied by a Youth Leader, a figure that guides the team , support the participants and usually has taken part in the APV. There is no age limit for the Youth Leader.
APV
The APV (Advanced Planned Visit) is usually a 3 day visit that the Youth Leader does some weeks before the youth exchange in order to meet the organization team, the other Youth Leaders, the location that the exchange will take place, discuss the economic issues etc.
Economic conditions
The program offers up to 70% reimbursement of the travel tickets for the particpants, food, accommodation, insurance and the Youthpass certificate.
Duration of the Youth Exchange
It can be from 6 to 25 days but normally they are around 8-10 days.
Youthpass
A certificate from the European Comission. For more info here
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