How To Fix FTR_TEX1638 - Floating price details must have the same currency

SAP Error Message - Details

• Message type: E = Error

• Message class: FTR_TEX1 - Messages for raw exposures

• Message number: 638

• Message text: Floating price details must have the same currency

Self-Explanatory Message

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Smart SAP Assistant

• What is the cause and solution for SAP error message FTR_TEX1638 - Floating price details must have the same currency ?

  The SAP error message FTR_TEX1638 indicates that there is a mismatch in the currency settings for floating price details in a financial transaction. This typically occurs in the context of financial instruments, such as derivatives or other financial contracts, where multiple currencies are involved.
  Cause:
  The error arises when you attempt to process a transaction that involves floating price details (like interest rates or pricing terms) that are specified in different currencies. For example, if one part of the transaction is in USD and another part is in EUR, SAP will throw this error because it requires all floating price details to be in the same currency for consistency and accuracy in calculations.
  Solution:
  To resolve this error, you should ensure that all floating price details are specified in the same currency. Here are the steps you can take:
  
  
  Check Currency Settings: Review the transaction details and identify the currencies being used. Ensure that all floating price details (e.g., interest rates, pricing terms) are in the same currency.
  
  
  Adjust Currency: If you find that there are different currencies being used, you will need to adjust them. This may involve:
  
  Changing the currency of one of the floating price details to match the other.
  Converting amounts to a common currency if necessary.
  
  
  
  Review Master Data: Check the master data for the financial instruments involved. Ensure that the currency settings are consistent across all relevant master records.
  
  
  Consult Documentation: If you are unsure about how to change the currency settings, refer to the SAP documentation or consult with your SAP administrator or financial team for guidance.
  
  
  Test the Changes: After making the necessary adjustments, try processing the transaction again to see if the error persists.
  
  
  Related Information:
  
  Transaction Codes: Familiarize yourself with relevant transaction codes in SAP that deal with financial instruments, such as FTR_CREATE (Create Financial Transaction) or FTR_EDIT (Edit Financial Transaction).
  SAP Notes: Check for any SAP Notes related to this error message for additional insights or patches that may address the issue.
  User Roles: Ensure that you have the appropriate permissions to make changes to financial transactions and master data.
  
  By ensuring that all floating price details are in the same currency, you should be able to resolve the FTR_TEX1638 error and proceed with your financial transactions in SAP.