This is the 549th most frequent Icelandic word.
skipti
"Skipti" means "exchange," "division," or "change" in English, depending on context.
Here, 'skipta' functions as a verb meaning 'to replace' or 'to change'.
Það þarf að skipta um dekk á bílnum.
The tire of the car needs to be replaced.
In this usage, 'skipti' is conjugated and means 'exchanged' or 'traded'.
Ég skipti einum skiptimiða fyrir annan.
I exchanged one transfer ticket for another.
In this sentence, 'skipti' is used in the expression 'Í hvert skipti' meaning 'Every time'. It denotes an instance or occurrence.