How To Fix FBICRC_MAIN028 - Error while converting currency &1 to &2 using rate &3 on &4

SAP Error Message - Details

• Message type: E = Error

• Message class: FBICRC_MAIN - ICR: Main Message Class

• Message number: 028

• Message text: Error while converting currency &1 to &2 using rate &3 on &4

What causes this issue?

An error occurred while converting from foreign currency to local
currency. The following list includes the possible reasons:
You have not entered conversion factors in table TCURF.
The converted local currency is too large.
You have not entered spread in table TCURS.
There are multiple entries of exchange rate types in table TCURV.

How to fix this error?

The system issues an error message and will not allow you to continue with this transaction until the error is resolved.

Error message extract from SAP system. Copyright SAP SE.

Smart SAP Assistant

• What is the cause and solution for SAP error message FBICRC_MAIN028 - Error while converting currency &1 to &2 using rate &3 on &4 ?

  The SAP error message FBICRC_MAIN028 indicates that there was an issue while converting a currency from one type to another using a specified exchange rate on a given date. This error typically arises in the context of financial transactions, especially when dealing with foreign currency transactions in SAP.
  Cause:
  
  Missing Exchange Rate: The exchange rate for the specified currencies on the given date may not be maintained in the system.
  Incorrect Currency Pair: The currencies being converted may not be valid or supported for conversion in the system.
  Date Issues: The date specified for the exchange rate may be in the future or not properly configured in the system.
  Configuration Issues: There may be issues with the configuration of the currency conversion settings in the SAP system.
  
  Solution:
  
  
  Check Exchange Rates:
  
  Go to the transaction code OB08 (Maintain Exchange Rates) and verify if the exchange rate for the specified currency pair exists for the given date.
  If it does not exist, you will need to enter the appropriate exchange rate.
  
  
  
  Verify Currency Pair:
  
  Ensure that the currencies involved in the conversion are valid and correctly specified in the transaction.
  
  
  
  Check Date Validity:
  
  Make sure that the date for which the exchange rate is being used is valid and that the exchange rate is maintained for that date.
  
  
  
  Review Configuration:
  
  Check the configuration settings related to currency conversion in the SAP system to ensure everything is set up correctly.
  
  
  
  Consult Documentation:
  
  If the issue persists, refer to SAP documentation or consult with your SAP support team for further assistance.
  
  
  
  Related Information:
  
  
  Transaction Codes: 
  
  OB08: To maintain exchange rates.
  FBICRC: To access the Financial Accounting interface for currency conversion.
  
  
  
  SAP Notes: Check for any relevant SAP Notes that might address known issues or provide additional guidance on this error.
  
  
  User Authorization: Ensure that you have the necessary authorizations to view and maintain exchange rates in the system.
  
  
  By following these steps, you should be able to identify and resolve the issue causing the FBICRC_MAIN028 error in SAP.