An apparatus and method for exchanging frequency bands used by a plurality of base stations are provided. A base station for exchanging frequency bands includes a receiving unit to receive first quiet time duration information of an adjacent base station, a frequency band measuring unit to determine first frequency band measuring information with respect to a first frequency band used by the adjacent base station based on the first quiet time duration information, a frequency band exchange-determining unit to determine whether to exchange frequency bands with each other based on the first frequency band measuring information, and a transmitting unit to transmit data to a terminal using the first frequency band according to the determined result.