How To Fix /PF1/MSG_EH_E700 - Foreign exchange cannot determine account currency

SAP Error Message - Details

• Message type: E = Error

• Message class: /PF1/MSG_EH_E -

• Message number: 700

• Message text: Foreign exchange cannot determine account currency

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.

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Smart SAP Assistant

• What is the cause and solution for SAP error message /PF1/MSG_EH_E700 - Foreign exchange cannot determine account currency ?

  The SAP error message /PF1/MSG_EH_E700 indicating "Foreign exchange cannot determine account currency" typically arises in the context of financial transactions involving foreign exchange (FX) where the system is unable to determine the currency for a specific account. This can occur in various scenarios, such as during the posting of financial documents, currency conversion, or when dealing with foreign currency transactions.
  Causes:
  
  Missing Currency Configuration: The account in question may not have a defined currency in the system settings.
  Incorrect Account Settings: The account may not be set up to handle foreign currency transactions.
  Currency Type Issues: The currency type used in the transaction may not be recognized or configured properly in the system.
  Master Data Issues: The master data for the customer, vendor, or general ledger account may be incomplete or incorrect.
  Exchange Rate Configuration: There may be issues with the exchange rate configuration, such as missing rates for the relevant currency pair.
  
  Solutions:
  
  
  Check Account Configuration:
  
  Go to the account settings in the SAP system and ensure that the currency is correctly defined for the account in question.
  Ensure that the account is set up to allow foreign currency transactions.
  
  
  
  Review Master Data:
  
  Verify that the master data for the relevant customer, vendor, or general ledger account is complete and correctly configured, including currency settings.
  
  
  
  Check Currency Type:
  
  Ensure that the currency type used in the transaction is valid and recognized by the system.
  
  
  
  Exchange Rate Maintenance:
  
  Check the exchange rate settings in the system. Ensure that the necessary exchange rates are maintained for the currencies involved in the transaction.
  You can do this by navigating to the transaction code OB08 to maintain exchange rates.
  
  
  
  Consult SAP Notes:
  
  Look for any relevant SAP Notes that may address this specific error message. SAP frequently updates its knowledge base with solutions for known issues.
  
  
  
  Testing and Validation:
  
  After making the necessary changes, perform a test transaction to ensure that the issue is resolved.
  
  
  
  Related Information:
  
  Transaction Codes: Familiarize yourself with relevant transaction codes such as OB08 (Maintain Exchange Rates), FS00 (G/L Account Master Data), and BP (Business Partner) for checking configurations.
  Documentation: Review SAP documentation related to foreign currency transactions and account settings for more detailed guidance.
  Support: If the issue persists after checking the above points, consider reaching out to your SAP support team or consulting with an SAP expert for further assistance.
  
  By following these steps, you should be able to identify and resolve the cause of the error message regarding foreign exchange and account currency determination in SAP.