How To Fix PSM_S4C_FM_AVC003 - Currency conversion from &1 to &2 failed

SAP Error Message - Details

• Message type: E = Error

• Message class: PSM_S4C_FM_AVC - PSM AVC Messages

• Message number: 003

• Message text: Currency conversion from &1 to &2 failed

Self-Explanatory Message

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Smart SAP Assistant

• What is the cause and solution for SAP error message PSM_S4C_FM_AVC003 - Currency conversion from &1 to &2 failed ?

  The SAP error message PSM_S4C_FM_AVC003 indicates that there was a failure in currency conversion from one currency to another during a financial transaction or process. This error typically arises in the context of SAP's Public Sector Management (PSM) or when dealing with financial management in SAP S/4HANA.
  Causes:
  
  Missing Exchange Rate: The most common cause is that there is no exchange rate defined for the currency pair in the system for the date of the transaction.
  Incorrect Currency Configuration: The currencies involved may not be properly configured in the system.
  Date Issues: The exchange rate may not be valid for the date of the transaction, either because it is in the future or has expired.
  Currency Type Issues: The currency types (e.g., transaction currency, local currency) may not be set up correctly.
  Custom Code or Enhancements: If there are custom developments or enhancements in the system, they may interfere with the standard currency conversion process.
  
  Solutions:
  
  
  Check Exchange Rates:
  
  Go to the transaction code OB08 to check if the exchange rates for the relevant currency pair are maintained.
  Ensure that the exchange rate is valid for the date of the transaction.
  
  
  
  Maintain Exchange Rates:
  
  If the exchange rate is missing, you can maintain it in the same transaction (OB08) by entering the required currency pair and the corresponding exchange rate.
  
  
  
  Review Currency Configuration:
  
  Check the configuration of the currencies involved in the transaction. Ensure that they are correctly set up in the system.
  
  
  
  Check Transaction Date:
  
  Verify that the transaction date falls within the range of valid exchange rates. If necessary, adjust the transaction date or maintain the required exchange rates.
  
  
  
  Review Custom Code:
  
  If there are any custom developments, review them to ensure they are not causing the issue. You may need to consult with your ABAP developer or technical team.
  
  
  
  Consult SAP Notes:
  
  Check for any relevant SAP Notes that may address this specific error message or provide additional guidance.
  
  
  
  Related Information:
  
  
  Transaction Codes: 
  
  OB08: Maintain exchange rates.
  SE11: Data dictionary to check table structures related to currency conversion.
  SE37: Function module to analyze the currency conversion logic if custom code is involved.
  
  
  
  Documentation: Review SAP documentation related to currency conversion and financial transactions for additional context and troubleshooting steps.
  
  
  SAP Community: Engage with the SAP Community forums for insights from other users who may have encountered similar issues.
  
  
  By following these steps, you should be able to identify the cause of the error and implement a solution to resolve it.