diff --git a/app/controllers/currencies_controller.rb b/app/controllers/currencies_controller.rb
new file mode 100644
index 00000000..d12f835a
--- /dev/null
+++ b/app/controllers/currencies_controller.rb
@@ -0,0 +1,6 @@
+class CurrenciesController < ApplicationController
+  def show
+    @currency = Money::Currency.all_instances.find { |currency| currency.iso_code == params[:id] }
+    render json: { step: @currency.step, placeholder: Money.new(0, @currency).format }
+  end
+end
diff --git a/app/helpers/application_form_builder.rb b/app/helpers/application_form_builder.rb
index b84f6d0a..397367f0 100644
--- a/app/helpers/application_form_builder.rb
+++ b/app/helpers/application_form_builder.rb
@@ -33,11 +33,13 @@ class ApplicationFormBuilder < ActionView::Helpers::FormBuilder
 
     readonly_currency = options[:readonly_currency] || false
 
+    currency = money&.currency || Money.default_currency
     default_options = {
       class: "form-field__input",
       value: money&.amount,
-      placeholder: Money.new(0, money&.currency || Money.default_currency).format,
-      step: "0.01" # Not all currencies have 2 decimal places
+      "data-money-field-target" => "amount",
+      placeholder: Money.new(0, currency).format,
+      step: currency.step
     }
 
     merged_options = default_options.merge(options)
@@ -45,11 +47,11 @@ class ApplicationFormBuilder < ActionView::Helpers::FormBuilder
     grouped_options = currency_options_for_select
     selected_currency = money&.currency&.iso_code
 
-    @template.form_field_tag do
+    @template.form_field_tag data: { controller: "money-field" } do
       (label(method, *label_args(options)).to_s if options[:label]) +
       @template.tag.div(class: "flex items-center") do
         number_field(money_amount_method, merged_options.except(:label)) +
-        grouped_select(money_currency_method, grouped_options, { selected: selected_currency, disabled: readonly_currency }, class: "ml-auto form-field__input w-fit pr-8")
+        grouped_select(money_currency_method, grouped_options, { selected: selected_currency, disabled: readonly_currency }, class: "ml-auto form-field__input w-fit pr-8", data: { "money-field-target" => "currency", action: "change->money-field#handleCurrencyChange" })
       end
     end
   end
diff --git a/app/helpers/forms_helper.rb b/app/helpers/forms_helper.rb
index ea7f24db..65959f0e 100644
--- a/app/helpers/forms_helper.rb
+++ b/app/helpers/forms_helper.rb
@@ -1,6 +1,7 @@
 module FormsHelper
-  def form_field_tag(&)
-    tag.div class: "form-field", &
+  def form_field_tag(options = {}, &block)
+    options[:class] = [ "form-field", options[:class] ].compact.join(" ")
+    tag.div **options, &block
   end
 
   def radio_tab_tag(form:, name:, value:, label:, icon:, checked: false, disabled: false)
diff --git a/app/javascript/controllers/money_field_controller.js b/app/javascript/controllers/money_field_controller.js
new file mode 100644
index 00000000..09b6b67a
--- /dev/null
+++ b/app/javascript/controllers/money_field_controller.js
@@ -0,0 +1,20 @@
+import { Controller } from "@hotwired/stimulus";
+import { CurrenciesService } from "services/currencies_service";
+
+// Connects to data-controller="money-field"
+// when currency select change, update the input value with the correct placeholder and step
+export default class extends Controller {
+  static targets = ["amount", "currency"];
+
+  handleCurrencyChange() {
+    const selectedCurrency = event.target.value;
+    this.updateAmount(selectedCurrency);
+  }
+
+  updateAmount(currency) {
+    (new CurrenciesService).get(currency).then((data) => {
+      this.amountTarget.placeholder = data.placeholder;
+      this.amountTarget.step = data.step;
+    });
+  }
+}
\ No newline at end of file
diff --git a/app/javascript/services/currencies_service.js b/app/javascript/services/currencies_service.js
new file mode 100644
index 00000000..df70f628
--- /dev/null
+++ b/app/javascript/services/currencies_service.js
@@ -0,0 +1,5 @@
+export class CurrenciesService {
+  get(id) {
+    return fetch(`/currencies/${id}.json`).then((response) => response.json());
+  }
+}
diff --git a/config/importmap.rb b/config/importmap.rb
index e1512eb7..7ec2b7f7 100644
--- a/config/importmap.rb
+++ b/config/importmap.rb
@@ -5,6 +5,7 @@ pin "@hotwired/turbo-rails", to: "turbo.min.js", preload: true
 pin "@hotwired/stimulus", to: "stimulus.min.js"
 pin "@hotwired/stimulus-loading", to: "stimulus-loading.js"
 pin_all_from "app/javascript/controllers", under: "controllers"
+pin_all_from "app/javascript/services", under: "services", to: "services"
 pin "@github/hotkey", to: "@github--hotkey.js" # @3.1.0
 
 # Custom namespace for local files
diff --git a/config/routes.rb b/config/routes.rb
index 5ad51151..dd3407c2 100644
--- a/config/routes.rb
+++ b/config/routes.rb
@@ -46,6 +46,8 @@ Rails.application.routes.draw do
     end
   end
 
+  resources :currencies, only: %i[show]
+
   # Reveal health status on /up that returns 200 if the app boots with no exceptions, otherwise 500.
   # Can be used by load balancers and uptime monitors to verify that the app is live.
   get "up" => "rails/health#show", as: :rails_health_check
diff --git a/lib/money/currency.rb b/lib/money/currency.rb
index 2069cb65..b35e2b3f 100644
--- a/lib/money/currency.rb
+++ b/lib/money/currency.rb
@@ -58,6 +58,10 @@ class Money::Currency
         @default_precision = currency_data["default_precision"]
     end
 
+    def step
+      (1.0/10**default_precision)
+    end
+
     def <=>(other)
         return nil unless other.is_a?(Money::Currency)
         @iso_code <=> other.iso_code
diff --git a/test/controllers/currencies_controller_test.rb b/test/controllers/currencies_controller_test.rb
new file mode 100644
index 00000000..fbb36c0c
--- /dev/null
+++ b/test/controllers/currencies_controller_test.rb
@@ -0,0 +1,12 @@
+require "test_helper"
+
+class CurrenciesControllerTest < ActionDispatch::IntegrationTest
+  setup do
+    sign_in @user = users(:family_admin)
+  end
+
+  test "should show currency" do
+    get currency_url(id: "EUR", format: :json)
+    assert_response :success
+  end
+end
diff --git a/test/lib/money/currency_test.rb b/test/lib/money/currency_test.rb
index e1b35f99..3b94ccc6 100644
--- a/test/lib/money/currency_test.rb
+++ b/test/lib/money/currency_test.rb
@@ -46,4 +46,8 @@ class Money::CurrencyTest < ActiveSupport::TestCase
         assert_equal "12", value4.cents_str(2)
         assert_equal "123", value4.cents_str(3)
     end
+
+    test "step returns the smallest value of the currency" do
+      assert_equal 0.01, @currency.step
+    end
 end