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In this video tutorial, the presenter demonstrates how to format numbers as currencies based on the user's local currency preference. By creating options with a currency style and specifying a specific currency, such as Euro, the number can be formatted accordingly. The number is then wrapped in parentheses and passed into the locale string function, along with the defined locale, such as "en-US" for English in the United States. This results in the number being formatted as 2500.50 euros in the US for English-speaking users. This formatted number can be easily saved and displayed as needed.