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In this video tutorial, we will be creating a real-time currency converter using C#. The user can input currency details and select the output currency type, then click on convert to get the output currency value. The implementation involves input currency details, output currency details, and conversion rates. The rate of conversion is crucial in determining the final value. For example, if the rate of conversion for Canadian dollars is 1.3, it means that one dollar is equal to 1.3 Canadian dollars. The converter will have a list of input and output currencies along with a conversion table.