How To Fix GI516 - Currency translation from & to & not possible

SAP Error Message - Details

• Message type: E = Error

• Message class: GI - FI-SL update

• Message number: 516

• Message text: Currency translation from & to & not possible

What causes this issue?

An error occurred in currency conversion. Presumably, you want to post
to a ledger for which the system cannot calculate the group currency
amount from the local currency.

System Response

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

How to fix this error?

Please check the currency conversion table.

Error message extract from SAP system. Copyright SAP SE.

Smart SAP Assistant

• What is the cause and solution for SAP error message GI516 - Currency translation from & to & not possible ?

  The SAP error message GI516, which states "Currency translation from & to & not possible," typically occurs during processes that involve currency conversion, such as during the posting of financial documents, reporting, or when executing certain transactions that require currency translation.
  Causes:
  
  Missing Exchange Rate: The most common cause is that there is no exchange rate defined for the currency pair in question (from currency to to currency) in the system.
  Invalid Currency Pair: The currencies specified may not be valid or recognized by the system.
  Exchange Rate Type: The exchange rate type being used may not have been maintained for the required date.
  Date Issues: The exchange rate may not be valid for the date of the transaction or posting.
  Configuration Issues: There may be configuration issues in the currency settings or in the financial settings of the SAP system.
  
  Solutions:
  
  
  Check Exchange Rates:
  
  Go to the transaction code OB08 to check if the exchange rates for the specific currency pair are maintained.
  If not, you can enter the required exchange rates for the relevant currency pair and date.
  
  
  
  Verify Currency Pair:
  
  Ensure that the currencies involved in the transaction are correctly specified and are valid currencies in the system.
  
  
  
  Check Exchange Rate Type:
  
  Ensure that the exchange rate type being used is correctly configured and has valid rates for the required date.
  
  
  
  Review Transaction Date:
  
  Make sure that the date of the transaction falls within the range of valid exchange rates.
  
  
  
  Configuration Review:
  
  If the issue persists, review the configuration settings related to currencies and exchange rates in the SAP system. This may involve checking the settings in the Financial Accounting (FI) module.
  
  
  
  Consult Documentation:
  
  Refer to SAP documentation or help resources for additional guidance on currency translation issues.
  
  
  
  Related Information:
  
  
  Transaction Codes:
  
  OB08: Maintain exchange rates.
  OBBS: Display exchange rates.
  OB07: Define exchange rate types.
  
  
  
  SAP Notes: Check for any relevant SAP Notes that may address specific issues related to currency translation errors.
  
  
  User Authorization: Ensure that you have the necessary authorizations to view and maintain exchange rates.
  
  
  If the problem continues after checking these areas, it may be beneficial to consult with your SAP support team or a functional consultant who specializes in financial modules.