How To Fix 56160 - No entry in TCURR for local currency &1, foreign currency &2

SAP Error Message - Details

• Message type: E = Error

• Message class: 56 - HR TRAVEL: Messages for Trip Costs Dialog

• Message number: 160

• Message text: No entry in TCURR for local currency &1, foreign currency &2

What causes this issue?

Currency translation from local currency &V1& to foreign currency &V2&
is not possible.

How to fix this error?

Please check table TCURR and take, if necessary, the base currency from
table TCURV into consideration.

Error message extract from SAP system. Copyright SAP SE.

Smart SAP Assistant

• What is the cause and solution for SAP error message 56160 - No entry in TCURR for local currency &1, foreign currency &2 ?

  The SAP error message 56160, which states "No entry in TCURR for local currency &1, foreign currency &2," typically occurs when there is an attempt to perform a currency conversion or a transaction that involves currency exchange rates, but the required exchange rate data is missing in the TCURR table.
  Cause:
  
  Missing Exchange Rate: The primary cause of this error is that there is no entry in the TCURR table for the specified local currency and foreign currency combination. This means that the system cannot find the necessary exchange rate to perform the conversion.
  Incorrect Currency Configuration: The currencies involved may not be properly configured in the system, or the exchange rate may not have been maintained for the relevant period.
  Date Issues: The exchange rate may not exist for the specific date of the transaction. Exchange rates are often maintained for specific periods, and if the transaction date falls outside of these periods, the system will not find a valid rate.
  
  Solution:
  
  
  Maintain Exchange Rates:
  
  Go to the transaction code OB08 (or use the appropriate transaction for maintaining exchange rates).
  Check if there is an entry for the local currency and foreign currency combination. If not, you will need to create a new entry.
  Ensure that the exchange rate is maintained for the correct date or date range.
  
  
  
  Check Currency Configuration:
  
  Verify that both currencies are correctly configured in the system. You can check this in the transaction code OB22 (for defining currencies).
  Ensure that the currencies are active and properly set up in the system.
  
  
  
  Review Transaction Date:
  
  Ensure that the transaction date falls within the range for which the exchange rate is valid. If the date is outside the valid range, you may need to adjust the transaction date or maintain the exchange rate for the required period.
  
  
  
  Consult with Finance Team:
  
  If you are unsure about the correct exchange rates or configurations, consult with your finance or accounting team to ensure that the correct rates are being used.
  
  
  
  Related Information:
  
  TCURR Table: This table contains the exchange rates for different currency pairs and is crucial for currency conversion in SAP.
  Exchange Rate Types: Different exchange rate types (e.g., M for average rate, B for bank buying rate) may be used, and you should ensure that the correct type is being referenced in your transactions.
  Transaction Codes:
  
  OB08: Maintain exchange rates.
  OB22: Define currencies.
  SE16N: View the TCURR table directly to check existing entries.
  
  
  
  By following these steps, you should be able to resolve the error message and ensure that the necessary exchange rate data is available for your transactions.