How To Fix FQME106 - Currency &1 does not exist

SAP Error Message - Details

• Message type: E = Error

• Message class: FQME - Financial Quantity Management: Manual Entry Message Class

• Message number: 106

• Message text: Currency &1 does not exist

Self-Explanatory Message

Since SAP believes that this specific error message is 'self-explanatory,' no more information has been given.The majority of messages in the SAP system have a message text, however this is frequently insufficient to comprehend or resolve the problem.

To make things easier, more detailed information is frequently added to describe the issue, how to fix it, and the necessary steps or configuration modifications.

Unfortunately, there isn't any extra information in this error notice.

What else can you do?

First, use our AnswerBot below to get a possible cause and solution (requires a premium subscription).

Also, review the in-depth Common Questions & Answers listed below; you could discover a solution there or be able to connect with others who have faced similar challenges.

You can also try searching the SAP support portal (support.sap.com) but you need a special user ID to access it. It is possible that an SAP support note exists that provides additional details about the mistake or even steps for fixing it.

Smart SAP Assistant

• What is the cause and solution for SAP error message FQME106 - Currency &1 does not exist ?

  The SAP error message FQME106, which states "Currency &1 does not exist," typically occurs when the system encounters a currency code that is not recognized or defined in the system. This can happen in various financial transactions, such as when processing invoices, payments, or during currency conversion.
  Cause:
  
  Undefined Currency: The currency code being used in the transaction is not defined in the SAP system.
  Incorrect Configuration: The currency may not be properly configured in the relevant financial settings.
  Data Entry Error: There may be a typo or incorrect currency code entered by the user.
  Missing Currency in Master Data: The currency might not be included in the master data for the relevant company code or business area.
  
  Solution:
  
  
  Check Currency Configuration:
  
  Go to the transaction code OB08 to check the currency exchange rates and ensure that the currency is defined.
  If the currency is not listed, you may need to add it.
  
  
  
  Define Currency:
  
  If the currency is not defined, you can define it using the transaction code OBY6 (for company code) or OBY7 (for controlling area).
  Ensure that the currency is set up correctly in the relevant company code.
  
  
  
  Verify Master Data:
  
  Check the master data for the relevant vendor, customer, or material to ensure that the currency is correctly assigned.
  Use transaction codes like BP (Business Partner) or MM01 (Material Master) to verify and update the currency settings.
  
  
  
  Check for Typos:
  
  Review the transaction entry for any typographical errors in the currency code.
  
  
  
  Consult with SAP Basis or Functional Team:
  
  If you are unable to resolve the issue, consult with your SAP Basis or functional team for further investigation. They may need to check system settings or logs for additional insights.
  
  
  
  Related Information:
  
  Currency Types: Understand the different types of currencies in SAP, such as local currency, group currency, and transaction currency.
  Exchange Rate Types: Familiarize yourself with the different exchange rate types that can be configured in SAP.
  SAP Notes: Check for any relevant SAP Notes that may address specific issues related to currency configuration or error messages.
  
  By following these steps, you should be able to identify and resolve the issue related to the FQME106 error message in SAP.