Abstract. It is shown that the Gromov translation ring of a discrete tree over a von Neumann regular ring is an exchange ring. This provides a new source of exchange rings, including, for example, the algebras G(0) of ω × ω matrices (over a field) of constant bandwidth. An extension of these ideas shows that for all real numbers r in the unit interval [0, 1], the growth algebras G(r) (introduced by Hannah and O'Meara in 1993) are exchange rings. Consequently, over a countable field, countable-dimensional exchange algebras can take any prescribed bandwidth dimension r in [0,1].