How To Fix /BA1/F4_FX120 - If conversion category is "spread", only price-quoted rates are possible

SAP Error Message - Details

• Message type: E = Error

• Message class: /BA1/F4_FX -

• Message number: 120

• Message text: If conversion category is "spread", only price-quoted rates are possible

Self-Explanatory Message

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Smart SAP Assistant

• What is the cause and solution for SAP error message /BA1/F4_FX120 - If conversion category is "spread", only price-quoted rates are possible ?

  The SAP error message /BA1/F4_FX120 indicates that there is an issue with the conversion category being set to "spread" when the system expects a price-quoted rate. This typically occurs in the context of foreign exchange (FX) rate conversions, particularly when dealing with financial instruments or transactions that involve currency conversion.
  Cause:
  The error arises when:
  
  The conversion category is set to "spread," which implies that the system is expecting a specific type of rate (usually a spread rate).
  However, the rates provided or the context of the transaction does not align with the requirements for a spread conversion, leading to the error.
  
  Solution:
  To resolve this error, you can take the following steps:
  
  
  Check Conversion Category: 
  
  Review the settings for the conversion category in your transaction or configuration. Ensure that it is set correctly based on the type of rate you are trying to use.
  If you are using a price-quoted rate, change the conversion category from "spread" to the appropriate category that allows for price-quoted rates.
  
  
  
  Review Rate Types:
  
  Ensure that the rates you are using are indeed price-quoted rates. If you are supposed to use a spread rate, make sure that the rates are defined correctly in the system.
  
  
  
  Configuration Settings:
  
  Check the configuration settings in the SAP system related to foreign exchange rates. This may involve looking into the settings for currency conversion in the relevant modules (e.g., Financial Accounting, Treasury).
  
  
  
  Consult Documentation:
  
  Refer to SAP documentation or help resources for more detailed information on the specific error message and its implications. This can provide insights into the expected configurations and settings.
  
  
  
  Testing:
  
  After making changes, test the transaction again to ensure that the error is resolved.
  
  
  
  Related Information:
  
  SAP Notes: Check for any relevant SAP Notes that may address this specific error or provide additional guidance on handling currency conversion issues.
  Transaction Codes: Familiarize yourself with transaction codes related to currency conversion and foreign exchange settings, such as OB08 (Maintain Exchange Rates) or other relevant transactions in your SAP environment.
  User Roles: Ensure that you have the necessary permissions to make changes to the conversion settings or to access the relevant configuration areas in SAP.
  
  If the issue persists after following these steps, it may be beneficial to consult with your SAP support team or a technical consultant who specializes in SAP financial modules.