How To Fix FISA_LOC306 - Error in converting currency &1 to currency &2

SAP Error Message - Details

• Message type: E = Error

• Message class: FISA_LOC - FI Localization for KSA

• Message number: 306

• Message text: Error in converting currency &1 to currency &2

Self-Explanatory Message

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Smart SAP Assistant

• What is the cause and solution for SAP error message FISA_LOC306 - Error in converting currency &1 to currency &2 ?

  The SAP error message FISA_LOC306 indicates that there is an issue with converting one currency to another in the system. This error typically arises in financial transactions where currency conversion is required, such as in accounts payable, accounts receivable, or during financial reporting.
  Cause:
  
  
  Missing Exchange Rate: The most common cause of this error is that there is no exchange rate defined for the currency pair in question. If SAP cannot find a valid exchange rate for the currencies involved, it will throw this error.
  
  
  Invalid Currency Pair: The currencies specified may not be valid or recognized by the system.
  
  
  Date Issues: The exchange rate may not be valid for the date of the transaction. Exchange rates can be time-sensitive, and if the rate is not available for the specific date, the conversion will fail.
  
  
  Configuration Issues: There may be configuration issues in the currency settings or in the financial module that prevent proper currency conversion.
  
  
  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 pair you are trying to convert.
  If not, you will need to enter the appropriate exchange rate for the currencies involved.
  
  
  
  Verify Currency Codes:
  
  Ensure that the currency codes used in the transaction are correct and recognized by the system.
  
  
  
  Check Transaction Date:
  
  Make sure that the transaction date falls within the range of valid exchange rates. If the exchange rate is only valid for certain dates, you may need to adjust the transaction date or add a new exchange rate.
  
  
  
  Review Configuration:
  
  If the issue persists, review the configuration settings related to currencies in your SAP system. This may involve checking the settings in the Financial Accounting (FI) module or consulting with your SAP Basis or FI consultant.
  
  
  
  Consult Documentation:
  
  Refer to SAP documentation or help resources for additional guidance on handling currency conversion issues.
  
  
  
  Related Information:
  
  
  Transaction Codes: 
  
  OB08: Maintain Exchange Rates
  FB50: Enter G/L Account Document
  FBL1N: Vendor Line Item Display
  FBL3N: G/L Account Line Item Display
  
  
  
  SAP Notes: Check SAP Notes for any known issues or patches related to currency conversion errors.
  
  
  User Roles: Ensure that the user has the necessary permissions to access and modify exchange rates.
  
  
  By following these steps, you should be able to identify and resolve the cause of the FISA_LOC306 error in your SAP system. If the problem continues, it may be beneficial to reach out to your SAP support team for further assistance.