How To Fix CRM_MKTPL_PURCHASING021 - Currency of Product &1 could not be converted to local currency

SAP Error Message - Details

• Message type: E = Error

• Message class: CRM_MKTPL_PURCHASING - Message class for the Purchasing Assingment

• Message number: 021

• Message text: Currency of Product &1 could not be converted to local currency

Self-Explanatory Message

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Smart SAP Assistant

• What is the cause and solution for SAP error message CRM_MKTPL_PURCHASING021 - Currency of Product &1 could not be converted to local currency ?

  The SAP error message CRM_MKTPL_PURCHASING021 indicates that there is an issue with currency conversion for a product in the context of purchasing within the SAP Customer Relationship Management (CRM) module. Specifically, it means that the system is unable to convert the currency of the specified product (&1) to the local currency.
  Causes:
  
  Missing Exchange Rate: The exchange rate between the product's currency and the local currency may not be defined in the system.
  Currency Configuration: The currency settings in the system may not be properly configured, leading to issues in conversion.
  Inactive or Incorrect Validity Period: The exchange rate may be inactive or not valid for the date of the transaction.
  Currency Type Issues: The currency type used for the product may not be compatible with the local currency settings.
  Master Data Issues: There may be issues with the master data of the product, such as incorrect currency assignment.
  
  Solutions:
  
  
  Check Exchange Rates:
  
  Go to the transaction code OB08 (Maintain Exchange Rates) and verify that the exchange rate for the relevant currency pair is maintained and valid for the required date.
  If the exchange rate is missing, you will need to enter it.
  
  
  
  Review Currency Configuration:
  
  Ensure that the currency settings in the system are correctly configured. This includes checking the local currency settings in the company code and ensuring that the product's currency is supported.
  
  
  
  Validate Validity Period:
  
  Check the validity period of the exchange rate. Ensure that the date of the transaction falls within the active period of the exchange rate.
  
  
  
  Check Product Master Data:
  
  Review the product master data to ensure that the currency is correctly assigned. You can do this by checking the product details in the relevant transaction (e.g., using transaction code MM03 for material master).
  
  
  
  Consult with Finance Team:
  
  If you are unsure about the currency settings or exchange rates, consult with your finance or controlling team to ensure that everything is set up correctly.
  
  
  
  System Logs and Notes:
  
  Check the system logs for any additional error messages or notes that might provide more context about the issue.
  
  
  
  Related Information:
  
  
  Transaction Codes: 
  
  OB08: Maintain Exchange Rates
  MM03: Display Material Master
  SE11: Data Dictionary (to check table structures related to currency)
  
  
  
  SAP Notes: Search for relevant SAP Notes in the SAP Support Portal that might address specific issues related to currency conversion errors.
  
  
  Documentation: Review SAP documentation related to currency management in CRM and purchasing to understand the configuration and setup better.
  
  
  By following these steps, you should be able to identify and resolve the issue causing the error message CRM_MKTPL_PURCHASING021.