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This video tutorial explains how to convert currency using a currency exchange rate. John has 15,000 US dollars to convert to Euros, with an exchange rate of 1 US dollar to 0.9 Euros. To calculate the amount in Euros, set up a fraction with the amount given as the numerator and the exchange rate as the denominator. Ensure the units cancel out by placing the appropriate unit in each fraction. In this case, the US dollar unit goes on top in one fraction and on the bottom in the other. Calculate the amount in Euros by multiplying the given amount by the exchange rate.