When is exchange links bad?

If the site has a significantly higher PR than mine, is this bad?

[Robert123]

I can exchange links with this site in my industry that has a much higher PR than mine--Green Bar almost all the way to the right.

Can this hurt my site in any way?

Thanks

[ganderla]

No, this would be good.

[DaveAtIFG]

Google questions belong in the Google News forum.

From this forum's charter [webmasterworld.com], "Questions about links as used by specific search engines for ranking purposes should be put in that search engine's forum."