How To Fix P5022 - Impossible to convert currency &2 to &1 for exchange rate type &3 for &4

SAP Error Message - Details

• Message type: E = Error

• Message class: P5 - Project Information System: (Modification of LIS; M5)

• Message number: 022

• Message text: Impossible to convert currency &2 to &1 for exchange rate type &3 for &4

What causes this issue?

The conversion from &V2& to &V1& is not defined for the exchange rate
type &V3&.

System Response

The system cannot make the conversion.

How to fix this error?

In view V_TCURR, maintain the exchange rate type &V3& for converting
from &V2& to &V1&.

Error message extract from SAP system. Copyright SAP SE.

Smart SAP Assistant

• What is the cause and solution for SAP error message P5022 - Impossible to convert currency &2 to &1 for exchange rate type &3 for &4 ?

  The SAP error message P5022 indicates that there is an issue with currency conversion in the system. Specifically, it means that the system is unable to convert a specified currency (denoted as &2) to another currency (denoted as &1) using the specified exchange rate type (denoted as &3) for a particular date (denoted as &4). 
  Causes:
  
  Missing Exchange Rate: The most common cause is that there is no exchange rate defined for the specified currency pair and exchange rate type in the system for the given date.
  Incorrect Exchange Rate Type: The exchange rate type specified may not be set up correctly or may not be applicable for the currencies involved.
  Date Issues: The date for which the conversion is being attempted may not have a valid exchange rate defined.
  Currency Configuration: There may be issues with the configuration of the currencies in the system, such as inactive currencies or incorrect settings.
  Data Entry Errors: There could be a mistake in the data entry where the wrong currency codes are used.
  
  Solutions:
  
  
  Check Exchange Rates:
  
  Go to the transaction code OB08 (Maintain Exchange Rates) and verify if the exchange rate for the specified currency pair and exchange rate type exists for the required date.
  If it does not exist, you will need to enter the correct exchange rate.
  
  
  
  Verify Exchange Rate Type:
  
  Ensure that the exchange rate type being used is correct and is set up to handle the currencies involved. You can check this in the configuration settings.
  
  
  
  Review Date Settings:
  
  Make sure that the date for which the conversion is being attempted is valid and that there is an exchange rate available for that date.
  
  
  
  Currency Configuration:
  
  Check the configuration of the currencies involved to ensure they are active and correctly set up in the system.
  
  
  
  Data Entry Validation:
  
  Review the data entry to ensure that the correct currency codes are being used and that there are no typographical errors.
  
  
  
  Related Information:
  
  
  Transaction Codes:
  
  OB08: Maintain Exchange Rates
  OBBS: Display Exchange Rates
  OB07: Define Exchange Rate Types
  
  
  
  Documentation: Refer to SAP Help documentation for more details on currency conversion and exchange rate maintenance.
  
  
  Support: If the issue persists after checking the above points, consider reaching out to your SAP support team or consulting SAP Notes for any known issues related to this error message.
  
  
  By following these steps, you should be able to identify and resolve the cause of the P5022 error in SAP.