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This video tutorial explains how to convert currency using the currency exchange rate. John wants to convert 15,000 US dollars into Euros using the exchange rate of 1 US dollar to 0.9 euros. To calculate, place 15,000 US dollars in the numerator and the exchange rate in the denominator of a fraction. To cancel out the US dollars unit, put one of the exchange rate components in the numerator and the other in the denominator. In this case, US dollars should be placed in the denominator of the second fraction to cancel out the unit.
