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http://www.wait-till-i.com/2008/06/21/currency-conversion-api/

First result when googling "Currency conversion api". Don't think it's the best one, but if you read the comments you might be able puzzle something decent together.

 

No build in feature would be able to keep up to date as it would need to access an external resource every so often.

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Ah, there is a bank that offers an XML sheet with most of the currency rates.

Check out: http://www.ecb.int/stats/exchange/eurofxref/html/index.en.html#dev

 

Also check out the other tabs there, you can build your own parser etc. It's pretty mad. I've used it on a few projects.

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