How To Fix /PM0/ALB_FND_MSG059 - Error in Currency Translation

SAP Error Message - Details

• Message type: E = Error

• Message class: /PM0/ALB_FND_MSG -

• Message number: 059

• Message text: Error in Currency Translation

Self-Explanatory Message

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Smart SAP Assistant

• What is the cause and solution for SAP error message /PM0/ALB_FND_MSG059 - Error in Currency Translation ?

  The SAP error message /PM0/ALB_FND_MSG059 Error in Currency Translation typically indicates that there is an issue with the currency translation process in SAP, which can occur in various modules, particularly in financial reporting and analysis.
  Causes:
  
  
  Missing or Incorrect Currency Translation Settings: The currency translation settings in the system may not be configured correctly. This includes missing exchange rates or incorrect currency types.
  
  
  Exchange Rate Issues: The exchange rates may not be maintained for the required currency pair or may be outdated.
  
  
  Data Inconsistencies: There may be inconsistencies in the data being processed, such as missing values or incorrect currency codes.
  
  
  Configuration Errors: There could be errors in the configuration of the currency translation process in the relevant SAP module.
  
  
  Authorization Issues: The user may not have the necessary authorizations to perform currency translation.
  
  
  Solutions:
  
  
  Check Currency Translation Settings:
  
  Navigate to the relevant configuration settings in SAP and ensure that the currency translation settings are correctly defined.
  Verify that the correct currency types are being used.
  
  
  
  Maintain Exchange Rates:
  
  Go to the transaction code OB08 to maintain exchange rates. Ensure that the required exchange rates for the currencies involved are correctly entered and valid for the reporting period.
  
  
  
  Validate Data:
  
  Check the data being processed for any inconsistencies or missing values. Ensure that all necessary fields are populated correctly.
  
  
  
  Review Configuration:
  
  Review the configuration settings related to currency translation in the relevant module (e.g., Financial Accounting, Controlling) to ensure they are set up correctly.
  
  
  
  Check Authorizations:
  
  Ensure that the user has the necessary authorizations to perform currency translation. This can be checked with the security team or by reviewing the user roles.
  
  
  
  Consult SAP Notes:
  
  Check the SAP Support Portal for any relevant SAP Notes that may address this specific error message. There may be patches or updates that resolve known issues.
  
  
  
  Related Information:
  
  
  Transaction Codes: Familiarize yourself with relevant transaction codes such as OB08 for maintaining exchange rates, FB50 for posting documents, and FBL1N for vendor line items, as these may be useful in troubleshooting.
  
  
  Documentation: Review SAP documentation related to currency translation and financial reporting for best practices and configuration guidelines.
  
  
  SAP Community: Engage with the SAP Community forums to see if other users have encountered similar issues and what solutions they have found.
  
  
  If the issue persists after following these steps, it may be beneficial to consult with your SAP support team or a technical consultant who can provide more in-depth analysis and assistance.