How To Fix FXM_CORE006 - Transaction currency &1: Currency conversion failed.

SAP Error Message - Details

• Message type: E = Error

• Message class: FXM_CORE -

• Message number: 006

• Message text: Transaction currency &1: Currency conversion failed.

Self-Explanatory Message

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Smart SAP Assistant

• What is the cause and solution for SAP error message FXM_CORE006 - Transaction currency &1: Currency conversion failed. ?

  The SAP error message FXM_CORE006, which states "Transaction currency &1: Currency conversion failed," typically occurs during currency conversion processes in SAP, particularly in financial transactions or when dealing with foreign currency valuations. Here’s a breakdown of the potential causes, solutions, and related information for this error:
  Causes:
  
  
  Missing Exchange Rate: The most common cause is that there is no exchange rate defined for the currency pair involved in the transaction. If SAP cannot find a valid exchange rate for the currencies being converted, it will trigger this error.
  
  
  Invalid Currency Pair: The currencies specified in the transaction may not be valid or recognized by the system.
  
  
  Exchange Rate Type Issues: The exchange rate type being used may not be set up correctly or may not have valid rates for the required date.
  
  
  Date Issues: The date for which the currency conversion is being attempted may not have a valid exchange rate defined. This can happen if the rate is not maintained for the specific date or if the date is in the future.
  
  
  Configuration Issues: There may be configuration issues in the currency conversion settings in the SAP system.
  
  
  Solutions:
  
  
  Check Exchange Rates:
  
  Go to the transaction code OB08 (Maintain Exchange Rates) and verify that the exchange rate for the currency pair is maintained for the relevant date.
  Ensure that the exchange rate type being used is correctly set up and has valid rates.
  
  
  
  Verify Currency Pair:
  
  Ensure that the currencies involved in the transaction are valid and recognized by the system.
  
  
  
  Review Configuration:
  
  Check the configuration settings related to currency conversion in the SAP system. This may involve reviewing the settings in the Financial Accounting (FI) module.
  
  
  
  Update Exchange Rates:
  
  If the exchange rates are missing or incorrect, update them accordingly. You may need to consult with your finance team to ensure that the rates are accurate.
  
  
  
  Check Transaction Date:
  
  Ensure that the transaction date falls within the range of dates for which exchange rates are maintained.
  
  
  
  Consult Documentation:
  
  Review SAP documentation or help resources for any specific notes related to currency conversion errors.
  
  
  
  Related Information:
  
  Transaction Codes: Familiarize yourself with relevant transaction codes such as OB08 (Maintain Exchange Rates), OBA1 (Define Exchange Rate Types), and OBA3 (Define Currency Translation).
  SAP Notes: Check for any SAP Notes related to currency conversion issues that may provide additional insights or patches.
  User Authorization: Ensure that the user has the necessary authorizations to view and maintain exchange rates.
  
  If the issue persists after checking these areas, it may be beneficial to consult with your SAP support team or a technical consultant who can provide deeper insights into the specific configuration of your SAP environment.