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MJ demonstrates how to add a real-time currency converter in Microsoft Excel. He explains the process in a simple manner and advises viewers to be patient and watch the video till the end. The first step is to open a browser, search for "exits," and select the preferred currency (e.g., dollar). Then, click on the rates table and copy the URL. In Excel, click on data, select "from web," paste the URL, and import the table.