Forum Moderators: open
Thanks in advance..
Usually what you see from the people posting here are people who don't know what else could be wrong with there site and blame it on Link exchanges or it is there link exchanges because they did not have proper percentages of links / anchor text/ naturals links.
If you exchange with sites you feel your site benefits from being link to as far as adding to the quality of your website than go for it and exchange links. Don't exchange simply for the sake of trying to build backlinks.
If the links can be placed in site content then fine, if there is a links page then they should be relevant and include some text around each one of them.