How To Fix LM066 - An error occurred during currency translation (see long text)

SAP Error Message - Details

• Message type: E = Error

• Message class: LM - Treasury: Limit Management

• Message number: 066

• Message text: An error occurred during currency translation (see long text)

What causes this issue?

An error occurred while translating the transaction currency from
currency &V1& into currency &V2& using exchange rate type &V3&.
The data for limit type &V4& is no longer correct.

System Response

The system was unable to translate the currency correctly. As a result,
the update may contain incorrect data.
Despite the error, the update was completed, since it is possible that
the inaccuracies are small and can therefore be ignored.

How to fix this error?

With the help of the subsequent messages, check the following:
Is the relevant exchange rate entered in table TCURR?
Was there an overflow?
Have translation ratios been entered in table TCURF?
Has the exchange rate spread been entered in table TCURS.
Make the necessary adjustments to your Customizing settings.
Depending on how many transactions have been affected by the
translation error, you may need to restart utilization determination.

Error message extract from SAP system. Copyright SAP SE.

Smart SAP Assistant

• What is the cause and solution for SAP error message LM066 - An error occurred during currency translation (see long text) ?

  The SAP error message LM066, which states "An error occurred during currency translation (see long text)," typically occurs in the context of financial transactions or reporting where currency conversion is required. This error can arise due to various reasons, and understanding the cause is essential for resolving it.
  Causes of LM066 Error
  
  
  Missing or Incorrect Exchange Rates: The most common cause is that the system does not have the necessary exchange rates defined for the currencies involved in the transaction. This can happen if the exchange rate is not maintained in the system for the relevant date.
  
  
  Currency Configuration Issues: There may be issues with the configuration of currencies in the system, such as missing currency types or incorrect settings in the currency translation configuration.
  
  
  Date Issues: The exchange rate may not be valid for the date of the transaction. If the transaction date falls outside the range of valid exchange rates, the system will not be able to perform the currency translation.
  
  
  Data Entry Errors: Incorrect data entry in the transaction or master data can lead to issues during currency translation.
  
  
  System Settings: There may be issues with the system settings or parameters that affect currency translation, such as the settings in the controlling area or company code.
  
  
  Solutions to LM066 Error
  
  
  Check Exchange Rates:
  
  Go to the transaction code OB08 to check if the exchange rates are maintained for the relevant currencies and dates.
  If the rates are missing, you can enter the required exchange rates.
  
  
  
  Review Currency Configuration:
  
  Ensure that the currencies involved in the transaction are properly configured in the system.
  Check the settings in the configuration for currency translation (transaction code OB22).
  
  
  
  Validate Transaction Dates:
  
  Ensure that the transaction date falls within the range of valid exchange rates. If necessary, adjust the transaction date or maintain the required exchange rates.
  
  
  
  Correct Data Entry:
  
  Review the transaction and master data for any errors or inconsistencies that could affect currency translation.
  
  
  
  Consult Long Text:
  
  The error message LM066 often has a long text that provides additional details about the error. You can view this long text by clicking on the error message in the SAP GUI. This may give you more specific information about what went wrong.
  
  
  
  Check System Settings:
  
  Review the system settings related to currency translation, including any relevant parameters in the controlling area or company code.
  
  
  
  Related Information
  
  Transaction Codes: Familiarize yourself with relevant transaction codes such as OB08 (Maintain Exchange Rates), OB22 (Define Currency Translation), and others that may help in troubleshooting.
  SAP Notes: Check for any SAP Notes related to LM066 or currency translation issues, as they may provide additional insights or patches.
  Documentation: Refer to SAP documentation or help files for more detailed information on currency translation and related configuration settings.
  
  By following these steps, you should be able to identify the cause of the LM066 error and implement the appropriate solution. If the issue persists, consider reaching out to your SAP support team for further assistance.