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In this video tutorial, Louisiana from wit wordpress.com explains how to change the currency on an ecommerce site using WooCommerce. By allowing visitors to select their preferred currency from a dropdown menu, they can view prices in their chosen currency and make payments accordingly. The process involves setting up the currency options in WooCommerce settings, allowing for a seamless shopping experience for customers. Prices on the site will adjust according to the currency selected, making it easier for customers to navigate and make purchases.