How To Fix 3F117 - Currency &1 does not exist. Enter an existing currency

SAP Error Message - Details

• Message type: E = Error

• Message class: 3F - Compensation Management

• Message number: 117

• Message text: Currency &1 does not exist. Enter an existing currency

Self-Explanatory Message

Since SAP believes that this specific error message is 'self-explanatory,' no more information has been given.The majority of messages in the SAP system have a message text, however this is frequently insufficient to comprehend or resolve the problem.

To make things easier, more detailed information is frequently added to describe the issue, how to fix it, and the necessary steps or configuration modifications.

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Smart SAP Assistant

• What is the cause and solution for SAP error message 3F117 - Currency &1 does not exist. Enter an existing currency ?

  The SAP error message 3F117 indicates that the currency you are trying to use does not exist in the system. This error typically occurs when you are entering a transaction that involves currency, such as posting a financial document, creating a purchase order, or entering a sales order, and the specified currency code is not recognized by SAP.
  Cause:
  
  Incorrect Currency Code: The currency code you entered may be misspelled or incorrect.
  Currency Not Defined: The currency may not be defined in the system. This can happen if the currency has not been set up in the configuration or if it has been removed.
  Missing Currency in Master Data: The currency may not be assigned to the relevant master data (e.g., vendor, customer, or company code).
  Inactive Currency: The currency might be inactive or not available for transactions in the current period.
  
  Solution:
  
  Check Currency Code: Verify that the currency code you entered is correct. Ensure there are no typos or formatting issues.
  Define Currency: If the currency does not exist, you may need to define it in the system. This can be done by:
  
  Navigating to SPRO (SAP Project Reference Object) > Financial Accounting > Financial Accounting Global Settings > Currencies > Define Currencies.
  Here, you can add the missing currency code.
  
  
  Check Master Data: Ensure that the currency is assigned to the relevant master data. For example, check the vendor or customer master records to ensure the currency is included.
  Activate Currency: If the currency is inactive, you may need to activate it in the system settings.
  Consult with SAP Basis or Functional Team: If you do not have the necessary permissions to make changes, consult with your SAP Basis or functional team for assistance.
  
  Related Information:
  
  Transaction Codes: You may use transaction codes like OB08 to maintain exchange rates and OB22 to define currencies.
  Documentation: Refer to SAP Help documentation for more details on currency configuration and management.
  User Authorization: Ensure that you have the necessary authorizations to view and modify currency settings in SAP.
  
  By following these steps, you should be able to resolve the error message 3F117 and successfully proceed with your transaction.