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This video tutorial explains how to convert currency using the exchange rate. John has $15,000 USD to convert to Euros at a rate of 1 USD to 0.9 Euros. To calculate the amount in Euros, set up a fraction with the given amount of USD in the numerator and the exchange rate in the denominator. Make sure the units cancel out by placing the USD unit on the bottom of one fraction and the Euro unit on the top of the other. Calculate to find the amount of Euros John will receive.