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In this video tutorial, the presenter explains how to create a currency field in Salesforce. To start, users need to access the Setup option by clicking the gear icon. Next, they navigate to Object Manager and select the Account object. They then go to Fields and Relationships, click "New," and choose the Currency field type from the custom fields. After that, users need to enter the field label, which can be customized (for instance, "Cost"), and specify the number format—up to 18 digits, but 16 digits and 2 decimal places are recommended for currency. The presenter mentions the option to add a description for the field as well.