How To Fix 6E051 - The currency of the loan is &3 and cannot be converted

SAP Error Message - Details

• Message type: E = Error

• Message class: 6E - Messages for EMU currency conversion in Treasury

• Message number: 051

• Message text: The currency of the loan is &3 and cannot be converted

What causes this issue?

INCLUDE TRLO_EMU_LOAN_KEY OBJECT DOKU ID TX
The loan is already in the target currency &v3& and cannot be
converted. You can only change over the contract currency from a
subcurrency of the euro to the euro itself.

Error message extract from SAP system. Copyright SAP SE.

Smart SAP Assistant

• What is the cause and solution for SAP error message 6E051 - The currency of the loan is &3 and cannot be converted ?

  The SAP error message 6E051 indicates that there is an issue with currency conversion related to a loan. Specifically, the error states that the currency of the loan cannot be converted, which typically occurs when the system is unable to find a valid exchange rate for the specified currency.
  Cause:
  
  Missing Exchange Rate: The most common cause is that there is no exchange rate defined for the currency in question in the system.
  Incorrect Currency Configuration: The currency settings for the loan may not be configured correctly in the system.
  Date Issues: The exchange rate may not be valid for the date of the transaction. Exchange rates can be date-specific, and if the date falls outside the range of available rates, the conversion will fail.
  Currency Type: The currency type used may not be supported for conversion in the context of the loan.
  
  Solution:
  
  
  Check Exchange Rates:
  
  Go to the transaction code OB08 (Maintain Exchange Rates) and verify if there is an exchange rate defined for the currency of the loan.
  If not, you will need to enter the appropriate exchange rate for the relevant date.
  
  
  
  Verify Loan Currency Configuration:
  
  Check the configuration of the loan in the system to ensure that the currency is set up correctly.
  Ensure that the loan currency is supported for the operations you are trying to perform.
  
  
  
  Review Transaction Date:
  
  Ensure that the transaction date falls within the range of valid exchange rates. If necessary, adjust the date or add the required exchange rates for the relevant period.
  
  
  
  Consult Documentation:
  
  Review SAP documentation or consult with your SAP support team for any specific configurations or settings that may be affecting currency conversion for loans.
  
  
  
  Testing:
  
  After making the necessary adjustments, try to reprocess the transaction to see if the error persists.
  
  
  
  Related Information:
  
  Transaction Codes: Familiarize yourself with relevant transaction codes such as OB08 for exchange rates, FB50 for general ledger postings, or FBL1N for vendor line items, depending on the context of the loan.
  Currency Types: Understand the different currency types in SAP (e.g., transaction currency, local currency, and group currency) and how they interact with each other.
  SAP Notes: Check for any SAP Notes related to currency conversion issues, as there may be patches or updates that address specific problems.
  
  If the issue persists after following these steps, it may be beneficial to reach out to your SAP support team for further assistance.