Try:
x ^= 0x14;
That toggles both bits. It's a little bit unclear in question as you first mention swap and then give a toggle example. Anyway, to swap the bits:
x = precomputed_lookup [x];
where precomputed_lookup is a 256 byte array, could be the fastest way, it depends on the memory speed relative to the processor speed. Otherwise, it's:
x = (x & ~0x14) | ((x & 0x10) >> 2) | ((x & 0x04) << 2);
Skizz
EDIT: Some more information about toggling bits.
When you xor (^) two integer values together, the xor is performed at the bit level, like this:
for each (bit in value 1 and value 2)
result bit = value 1 bit xor value 2 bit
so that bit 0 of the first value is xor'ed with bit 0 of the second value, bit 1 with bit 1 and so on. The xor operation doesn't affect the other bits in the value. In effect, it's a parallel bit xor on many bits.
Looking at the truth table for xor, you will see that xor'ing a bit with the value '1' effectively toggles the bit.
a b a^b
0 0 0
0 1 1
1 0 1
1 1 0
So, to toggle bits 1 and 3, write a binary number with a one where you want the bit to toggle and a zero where you want to leave the value unchanged:
00001010
convert to hex: 0x0a. You can toggle as many bits as you want:
0x39 = 00111001
will toggle bits 0, 3, 4 and 5