How To Fix /PF1/MSG_EH_E701 - Foreign exchange: Error while converting to local currency failure

/PF1/MSG_EH_E701 - Overview

• Message type: E = Error

• Message class: /PF1/MSG_EH_E -

• Message number: 701

• Message text: Foreign exchange: Error while converting to local currency failure

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.

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Smart SAP Assistant

• What is the cause and solution for SAP error message /PF1/MSG_EH_E701 - Foreign exchange: Error while converting to local currency failure ?

  The SAP error message /PF1/MSG_EH_E701 related to foreign exchange typically indicates that there was an issue while converting an amount from a foreign currency to the local currency. This can occur in various scenarios, such as during financial postings, reporting, or when processing transactions that involve multiple currencies.
  Causes:
  
  Missing Exchange Rate: The exchange rate for the currency pair involved may not be maintained in the system for the date of the transaction.
  Incorrect Currency Configuration: The currency settings in the system may not be correctly configured, leading to issues in conversion.
  Date Issues: The transaction date may fall outside the range of valid exchange rates.
  Currency Type Issues: The currency type used in the transaction may not be supported or may not have a corresponding exchange rate.
  System Configuration: There may be issues with the configuration of the currency conversion settings in the SAP system.
  
  Solutions:
  
  
  Check Exchange Rates:
  
  Go to the transaction code OB08 to check if