How To Fix FVER314 - Currency conversion not possible for foreign exchange transactions

SAP Error Message - Details

• Message type: E = Error

• Message class: FVER - Message Class for Executable Security Rights

• Message number: 314

• Message text: Currency conversion not possible for foreign exchange transactions

What causes this issue?

The main defining property of FX deals are the underlying FX rates, in
particular the differences of the rates during creation and on the
payment day. If such a deal were to be converted using a fixed rate,
those rate differences would be distorted.

System Response

The FX deal &v1& &v2& will not be converted.

How to fix this error?

A FX deal cannot be converted automatically by the system. Replace the
existing FX deal with a new deal which has the required currencies and
rates.

Procedure for System Administrators

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

Error message extract from SAP system. Copyright SAP SE.

Smart SAP Assistant

• What is the cause and solution for SAP error message FVER314 - Currency conversion not possible for foreign exchange transactions ?

  The SAP error message FVER314: Currency conversion not possible for foreign exchange transactions typically occurs when there is an issue with the currency conversion settings or data in the system. This error is often encountered during financial transactions involving foreign currencies, such as when trying to post a document or execute a transaction that requires currency conversion.
  Causes:
  
  Missing Exchange Rate: The exchange rate for the currencies involved in the transaction may not be maintained in the system.
  Invalid Currency Pair: The currency pair used in the transaction may not be valid or recognized by the system.
  Exchange Rate Type: The exchange rate type used may not be defined or may not have valid rates for the required date.
  Date Issues: The date of the transaction may fall outside the range of valid exchange rates.
  Configuration Issues: There may be configuration issues in the currency settings or in the financial module.
  
  Solutions:
  
  
  Check Exchange Rates:
  
  Go to the transaction code OB08 to maintain exchange rates.
  Ensure that the exchange rate for the relevant currency pair is maintained for the required date.
  
  
  
  Verify Currency Pair:
  
  Ensure that the currencies involved in the transaction are correctly defined and that the currency pair is valid.
  
  
  
  Review Exchange Rate Type:
  
  Check the exchange rate type being used in the transaction. You can do this in the configuration settings under Financial Accounting > General Ledger > Master Data > G/L Accounts > Define Exchange Rate Types.
  
  
  
  Check Transaction Date:
  
  Ensure that the transaction date is within the range of valid exchange rates. If necessary, update the exchange rates for the required date.
  
  
  
  Configuration Review:
  
  Review the configuration settings related to currency and foreign exchange in the SAP system to ensure everything is set up correctly.
  
  
  
  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: General ledger document entry.
  F-02: General posting.
  
  
  
  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 authorizations to perform currency conversion and related transactions.
  
  
  If the issue persists after checking the above points, it may be beneficial to consult with your SAP support team or a functional consultant who specializes in financial accounting within SAP.