We study the coherent nonlinear tunneling dynamics of a binary mixture of Bose-Einstein condensates in a double-well potential. We demonstrate the existence of a type of mode associated with the “swapping” of the two species in the two wells of the potential. In contrast to the symmetry-breaking macroscopic quantum self-trapping (MQST) solutions, the swapping modes correspond to the tunneling dynamics that preserves the symmetry of the double-well potential. As a consequence of two distinct types of broken-symmetry MQST phases where the two species localize in different potential wells or coexist in the same well, the corresponding symmetry-restoring swapping modes result in dynamics where the two species either avoid or chase each other. In view of the possibility to control the interaction between the species, the binary mixture offers a very robust system to observe these novel effects as well as the phenomena of Josephson oscillations and π modes.