How To Fix FINB_CURRENCY002 - Currency ID &1 is required for translation to currency &2

FINB_CURRENCY002 - Overview

• Message type: E = Error

• Message class: FINB_CURRENCY - Messages for Currency Translation

• Message number: 002

• Message text: Currency ID &1 is required for translation to currency &2

What causes this issue?

You want to translate an amount to currency ID &v2& in accounting
system &v3&. According to the Customizing settings for currency
translation rules, you need currency ID &v1& to do this. No amount has
been passed on with this currency ID. Neither has automatic translation
to this currency ID been requested.

System Response

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

How to fix this error?

Change configuration of accounting system &v3& or change the
Customizing settings for currency translation rules accordingly.

Procedure for System Administrators

Error message extract from SAP system. Copyright SAP SE.

Smart SAP Assistant

• What is the cause and solution for SAP error message FINB_CURRENCY002 - Currency ID &1 is required for translation to currency &2 ?

  The SAP error message FINB_CURRENCY002 indicates that a currency ID is required for translating amounts from one currency to another, but the system cannot find the necessary currency information for the specified currencies. This typically occurs in financial transactions or reporting where currency conversion is needed.
  
  Cause:
  
  Missing Currency Configuration: The currency ID specified in the transaction or report is not configured in the system for the required translation.
  Incorrect Currency Code: The currency code provided may be incorrect or misspelled.
  Translation Table Not Maintained: The translation table for the currencies involved may not be maintained or updated.
  Missing Exchange Rate: There may be no exchange rate defined between the two currencies in the system.
  
  
  Solution:
  
  
  Check Currency Configuration:
  
  Go to the transaction code OB08 to check if the currency pair has an exchange rate defined.
  Ensure that both currencies involved in the transaction are correctly configured in the system.
  
  
  
  Verify Currency Codes:
  
  Double-check the currency codes used in the transaction