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Visualization of big number/currency as Short

I would like if there is a Standard way into a visualforce page to show a big number/currency in a shorter form.

I mean for example to show 1000 as 1K or 1000000 as 1M.

If not, what is the best way to achieve that?

- <apex:outputText value="{0,number,......} "> ????

- using an <apex:component

- using a formula field (but i need to create a formaul fied for any currency/numnber field I have???

- using a method in an apex class???

Thanks,
Enrico

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