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Set Standard Cost to Foreign Currency

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Our company uses Standard Costing, with Assemblies. Some of our items are imported. The Vendors are set on the Item, and the Vendor code set with the foreign currency. 
We have two issues:
1. A minor issue, if somebody quickly looks at the item, the user has no indication the Standard Cost is not in the Local Currency.
2. A major issue, Assemblies uses the Standard price as if it is in the Local Currency, and does not convert the cost.
Is it even possible to set the Standard Cost in a Foreign Currency and have BC convert into the Local Currency? Or must this be done manually?