diff --git a/addons/web/static/src/js/fields/abstract_field.js b/addons/web/static/src/js/fields/abstract_field.js
index 6eac12a2dba..79583894fdc 100644
--- a/addons/web/static/src/js/fields/abstract_field.js
+++ b/addons/web/static/src/js/fields/abstract_field.js
@@ -49,6 +49,12 @@ var AbstractField = Widget.extend({
      * skip the widget when pressing tab
      */
     readonly: false,
+    /**
+     * If this flag is set to true, the field widget will be reset on every
+     * change which is made in the view (if the view supports it). This is
+     * currently a form view feature.
+     */
+    resetOnAnyFieldChange: false,
     /**
      * if true, the widget will replace a cell in an editable list view
      */
diff --git a/addons/web/static/src/js/fields/basic_fields.js b/addons/web/static/src/js/fields/basic_fields.js
index ffba3158d43..1b96d585ac7 100644
--- a/addons/web/static/src/js/fields/basic_fields.js
+++ b/addons/web/static/src/js/fields/basic_fields.js
@@ -313,6 +313,7 @@ var FieldMonetary = InputField.extend({
     className: 'o_form_field_monetary o_list_number',
     replace_element: true,
     supportedFieldTypes: ['float', 'monetary'],
+    resetOnAnyFieldChange: true, // Have to listen to currency changes
 
     /**
      * Float fields using a monetary widget have an additional currency_field
@@ -331,18 +332,9 @@ var FieldMonetary = InputField.extend({
     init: function () {
         this._super.apply(this, arguments);
 
-        // Options for _formatValue
-        this.nodeOptions.digits = [16,2];
-        if (this.attrs.currency_field) {
-            this.nodeOptions.currency_field = this.attrs.currency_field;
-        } else {
-            this.nodeOptions.currency_field = this.field.currency_field || 'currency_id';
-        }
-        if (this.record.data[this.nodeOptions.currency_field]) {
-            this.nodeOptions.currency_id = this.record.data[this.nodeOptions.currency_field].res_id;
-        }
+        this._setCurrency();
 
-        if (this.mode === 'edit' && this.nodeOptions.currency_id) {
+        if (this.mode === 'edit' && this.currency) {
             this.tagName = 'div';
         }
     },
@@ -372,7 +364,7 @@ var FieldMonetary = InputField.extend({
      * @private
      */
     _renderEdit: function () {
-        if (!this.nodeOptions.currency_id) {
+        if (!this.currency) {
             this._super.apply(this, arguments);
             return;
         }
@@ -381,15 +373,35 @@ var FieldMonetary = InputField.extend({
         // Prepare and add the input
         this._prepareInput().appendTo(this.$el);
         // prepare and add the currency symbol
-        var currency = session.get_currency(this.nodeOptions.currency_id);
-        var $currencySymbol = $('<span>', {text: currency.symbol});
-        if (currency.position === "after") {
+        var $currencySymbol = $('<span>', {text: this.currency.symbol});
+        if (this.currency.position === "after") {
             this.$el.append($currencySymbol);
         } else {
             this.$el.prepend($currencySymbol);
         }
     },
-
+    /**
+     * Re-gets the currency as its value may have changed.
+     * @see FieldMonetary.resetOnAnyFieldChange
+     *
+     * @override
+     * @private
+     */
+    _reset: function () {
+        this._super.apply(this, arguments);
+        this._setCurrency();
+    },
+    /**
+     * Deduces the currency description from the field options and view state.
+     * The description is then available at this.currency.
+     *
+     * @private
+     */
+    _setCurrency: function () {
+        var currencyField = this.attrs.currency_field || this.field.currency_field || 'currency_id';
+        var currencyID = this.record.data[currencyField] && this.record.data[currencyField].res_id;
+        this.currency = session.get_currency(currencyID);
+    },
     /**
      * FieldMonetary overrides _formatValue to use the format monetary method
      * in readonly.
@@ -400,7 +412,10 @@ var FieldMonetary = InputField.extend({
      */
     _formatValue: function (value) {
         var format = field_utils.format[this.mode === 'edit' ? "float" : "monetary"];
-        return format(value, this.field, this.nodeOptions);
+        return format(value, this.field, {
+            digits: [16, 2],
+            currency: this.currency,
+        });
     },
 });
 
diff --git a/addons/web/static/src/js/fields/field_utils.js b/addons/web/static/src/js/fields/field_utils.js
index cc9580c4baf..e529e6080d6 100644
--- a/addons/web/static/src/js/fields/field_utils.js
+++ b/addons/web/static/src/js/fields/field_utils.js
@@ -100,8 +100,8 @@ function formatDateTime(value) {
  *   should be used.
  * @param {Object} [options] additional options to override the values in the
  *   python description of the field.
- * @param {integer} [options.digit] the number of digit that should be used,
- *   instead of the default digit precision in the field.
+ * @param {integer[]} [options.digits] the number of digits that should be used,
+ *   instead of the default digits precision in the field.
  * @returns {string}
  */
 function formatFloat(value, field, options) {
@@ -191,21 +191,50 @@ function formatMany2Many(value) {
     }
 }
 
+/**
+ * Returns a string representing a monetary value. The result takes into account
+ * the user settings (to display the correct decimal separator, currency, ...).
+ *
+ * @param {float} value the value that should be formatted
+ * @param {Object} [field]
+ *        a description of the field (returned by fields_get for example). It
+ *        may contain a description of the number of digits that should be used.
+ * @param {Object} [options]
+ *        additional options to override the values in the python description of
+ *        the field.
+ * @param {Object} [options.currency] - the description of the currency to use
+ * @param {integer} [options.currency_id]
+ *        the id of the 'res.currency' to use (ignored if options.currency)
+ * @param {string} [options.currency_field]
+ *        the name of the field whose value is the currency id
+ *        (ignore if options.currency or options.currency_id)
+ *        Note: if not given it will default to the field currency_field value
+ *        or to 'currency_id'.
+ * @param {Object} [options.data]
+ *        a mapping of field name to field value, required with
+ *        options.currency_field
+ * @param {integer[]} [options.digits]
+ *        the number of digits that should be used, instead of the default
+ *        digits precision in the field. Note: if the currency defines a
+ *        precision, the currency's one is used.
+ * @returns {string}
+ */
 function formatMonetary(value, field, options) {
     options = options || {};
-    var currency_id = options.currency_id;
-    if (!currency_id && options.data) {
-        var currency_field = options.currency_field || field.currency_field || 'currency_id';
-        currency_id = options.data[currency_field] && options.data[currency_field].res_id;
-    }
-    var currency = session.get_currency(currency_id);
 
-    var digits_precision = (currency && currency.digits) || [69,2];
-    var precision = digits_precision[1];
-    var formatted = _.str.sprintf('%.' + precision + 'f', value || 0).split('.');
-    formatted[0] = utils.insert_thousand_seps(formatted[0]);
-    var l10n = core._t.database.parameters;
-    var formatted_value = formatted.join(l10n.decimal_point);
+    var currency = options.currency;
+    if (!currency) {
+        var currency_id = options.currency_id;
+        if (!currency_id && options.data) {
+            var currency_field = options.currency_field || field.currency_field || 'currency_id';
+            currency_id = options.data[currency_field] && options.data[currency_field].res_id;
+        }
+        currency = session.get_currency(currency_id);
+    }
+
+    var formatted_value = formatFloat(value, field, {
+        digits:  (currency && currency.digits) || options.digits,
+    });
 
     if (!currency) {
         return formatted_value;
diff --git a/addons/web/static/src/js/views/form/form_renderer.js b/addons/web/static/src/js/views/form/form_renderer.js
index f417b53885d..0212832929c 100644
--- a/addons/web/static/src/js/views/form/form_renderer.js
+++ b/addons/web/static/src/js/views/form/form_renderer.js
@@ -155,7 +155,7 @@ return BasicRenderer.extend({
         this.field_values = this._getFieldValues(this.state);
         var defs = [];
         _.each(this.widgets, function (widget) {
-            if (_.contains(fields, widget.name)) {
+            if (_.contains(fields, widget.name) || widget.resetOnAnyFieldChange) {
                 defs.push(widget.reset(state, event));
             }
         });
diff --git a/addons/web/static/test/fields/basic_fields_tests.js b/addons/web/static/test/fields/basic_fields_tests.js
index 8cea1900c7c..c56f694e1fe 100644
--- a/addons/web/static/test/fields/basic_fields_tests.js
+++ b/addons/web/static/test/fields/basic_fields_tests.js
@@ -100,10 +100,12 @@ QUnit.module('basic_fields', {
                 },
                 records: [{
                     id: 1,
+                    display_name: "$",
                     symbol: "$",
                     position: "before",
                 }, {
                     id: 2,
+                    display_name: "€",
                     symbol: "€",
                     position: "after",
                 }]
@@ -1333,7 +1335,7 @@ QUnit.module('basic_fields', {
     });
 
     QUnit.test('monetary field with real monetary field in model', function (assert) {
-        assert.expect(3);
+        assert.expect(4);
 
         this.data.partner.fields.qux.type = "monetary";
 
@@ -1350,7 +1352,7 @@ QUnit.module('basic_fields', {
             arch:'<form string="Partners">' +
                     '<sheet>' +
                         '<field name="qux"/>' +
-                        '<field name="currency_id" invisible="1"/>' +
+                        '<field name="currency_id"/>' +
                         '<field name="bar"/>' +
                     '</sheet>' +
                 '</form>',
@@ -1372,6 +1374,12 @@ QUnit.module('basic_fields', {
         assert.strictEqual(form.$('.o_form_field_monetary > input').length, 1,
             "After the onchange, the monetary <input/> should not have been duplicated");
 
+        var $dropdown = form.$('.o_form_field_many2one input').autocomplete('widget');
+        form.$('.o_form_field_many2one input').click();
+        $dropdown.find('li:not(.o_m2o_dropdown_option):last').mouseenter().click();
+        assert.strictEqual(form.$('.o_form_field_monetary > span').html(), "€",
+            "After currency change, the monetary field currency should have been updated");
+
         form.destroy();
     });