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Excel is used by approximately 1.2 billion people across 140 countries, necessitating the ability to handle diverse data, including various currencies. This video tutorial focuses on changing currency in Excel, particularly for users converting finance templates to local currencies like the Australian dollar, Egyptian pound, and euro. It emphasizes the importance of changing the currency symbol in specific cells without altering other data. By formatting numbers as currency, users can display multiple currency symbols within the same spreadsheet. Additionally, the tutorial explains how to use Excel's multiplication formula to apply conversion factors for currency conversions, ensuring that numerical data is correctly formatted as currency beforehand.