How To Fix FXM_CORE047 - The entered currency code &1 of the minimum amount does not exist.

SAP Error Message - Details

• Message type: E = Error

• Message class: FXM_CORE -

• Message number: 047

• Message text: The entered currency code &1 of the minimum amount 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 FXM_CORE047 - The entered currency code &1 of the minimum amount does not exist. ?

  The SAP error message FXM_CORE047 indicates that the currency code entered for a minimum amount does not exist in the system. This error typically occurs in the context of financial transactions, such as when configuring currency settings for a financial document or transaction.
  Cause:
  
  Invalid Currency Code: The currency code entered does not match any of the valid currency codes defined in the SAP system.
  Missing Currency Configuration: The currency may not be configured in the system, meaning it has not been set up in the currency tables.
  Typographical Error: There may be a typographical error in the currency code entered, leading to the system not recognizing it.
  Inactive Currency: The currency code may exist but is marked as inactive or not available for transactions.
  
  Solution:
  
  Check Currency Code: Verify that the currency code entered is correct. Ensure that it matches the standard currency codes (e.g., USD for US Dollar, EUR for Euro).
  Review Currency Configuration:
  
  Go to the transaction code OB08 (or the relevant transaction for your version) to check the currency settings.
  Ensure that the currency code is listed and active in the system.
  
  
  Add Missing Currency: If the currency code does not exist, you may need to add it:
  
  Use transaction code OB08 to create a new currency entry if necessary.
  
  
  Check for Inactive Currencies: If the currency exists but is inactive, you may need to activate it or check with your SAP administrator to ensure it is available for use.
  Consult Documentation: Refer to SAP documentation or help resources for additional guidance on currency configuration and management.
  
  Related Information:
  
  Transaction Codes: Familiarize yourself with relevant transaction codes such as OB08 (Maintain Exchange Rates) and OBA1 (Maintain Currencies).
  SAP Notes: Check SAP Notes for any known issues or patches related to currency handling in your specific version of SAP.
  User Roles and Permissions: Ensure that you have the necessary permissions to view and modify currency settings in the system.
  Testing: After making changes, test the transaction again to ensure that the error is resolved.
  
  If the issue persists after following these steps, it may be beneficial to consult with your SAP support team or a technical consultant for further assistance.