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This video tutorial discusses how to convert currency using the currency exchange rate. John has $15,000 USD that he wants to convert into Euros, with an exchange rate of 1 USD to 0.9 Euros. To calculate how many Euros John will receive, we set up a fraction with the given amount of USD in the numerator and the exchange rate in the denominator. By ensuring that the units cancel out, we can determine the amount of Euros John will receive.