I used to use the jquery format currency plugin, but it has been very buggy recently. I only need formatting for USD/CAD, so I wrote my own automatic formatting.
$(".currencyMask").change(function () {
if (!$.isNumeric($(this).val()))
$(this).val('0').trigger('change');
$(this).val(parseFloat($(this).val(), 10).toFixed(2).replace(/(\d)(?=(\d{3})+\.)/g, "$1,").toString());
});
Simply set the class of whatever input should be formatted as currency <input type="text" class="currencyMask" />
and it will format it perfectly in any browser.