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CurrencyISO code not being copied from parent to Child

I have opportunity object as master and OppChild as its child object. I am cloning a record of opportunity and the child record is also getting copied from original Opportunity to this cloned opportunity. While cloning, I am changing the currency code of opportunity from USD to EURO. However, the child object still shows the currency as USD.

1)Is this a standard functionality that CurrencyISOCode of parent is copied in Child's CurrencyISOCode?
2)If yes then does it work while cloning?
3)If yes then why it would not be working in my case?