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In this video tutorial, the host explains how to change the currency for Facebook ads. The process begins by logging into your Facebook account and optimizing your page, whether it's a personal profile or a business page. To change the currency, navigate to the settings by clicking on your account photo, then selecting "Settings" under "Settings and Privacy." Once in the settings menu, locate the "Ads" section within your account settings, where further instructions for changing the currency will be provided. The tutorial emphasizes the importance of optimizing your page to effectively use Facebook ads.