FR059 - Enter a valid currency key

SAP Error Message - Details

• Message type: E = Error

• Message class: FR - Messages for FI Reporting

• Message number: 059

• Message text: Enter a valid currency key

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.

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Smart SAP Assistant

• What is the cause and solution for SAP error message FR059 - Enter a valid currency key ?

  The SAP error message FR059 "Enter a valid currency key" typically occurs when a user attempts to enter a currency code that is not recognized by the system. This can happen in various transactions, such as when entering financial documents, creating invoices, or performing currency conversions.
  Causes:
  
  Invalid Currency Code: The currency code entered does not exist in the system. This could be due to a typo or using a currency that has not been defined in the system.
  Currency Not Activated: The currency may not be activated in the relevant company code or controlling area.
  Configuration Issues: The currency settings in the system may not be properly configured, leading to the inability to recognize certain currency codes.
  User Authorization: The user may not have the necessary permissions to access certain currencies.
  
  Solutions:
  
  Check Currency Code: Verify that the currency code entered is correct. Ensure there are no typos and that the currency is valid.
  Currency Configuration:
  
  Go to the transaction code OB08 (Maintain Exchange Rates) to check if the currency is defined.
  If the currency is not listed, you may need to add it or ensure it is activated for the relevant company code.
  
  
  Activate Currency: If the currency is valid but not activated, you may need to activate it in the configuration settings. This can typically be done in the following way:
  
  Navigate to SPRO (SAP Reference IMG) > Financial Accounting (New) > Financial Accounting Global Settings (New) > Currencies > Define Currencies.
  Ensure that the currency is listed and activated for the relevant company code.
  
  
  User Permissions: Check if the user has the necessary authorizations to use the currency. This can be done by reviewing the user's role and permissions in the system.
  Consult Documentation: If the issue persists, consult SAP documentation or reach out to your SAP support team for further assistance.
  
  Related Information:
  
  Currency Types: SAP supports various currency types, including local currency, group currency, and transaction currency. Ensure you are using the correct type for your transaction.
  Exchange Rate Types: Different exchange rate types can be defined in SAP. Make sure you are using the correct exchange rate type for your transaction.
  SAP Notes: Check for any relevant SAP Notes that may address specific issues related to currency handling in your version of SAP.
  
  By following these steps, you should be able to resolve the FR059 error and successfully enter a valid currency key in your SAP system.