How To Fix PV881 - Error converting currency &1 into currency &2 on &3

SAP Error Message - Details

• Message type: E = Error

• Message class: PV - Training and Event Management

• Message number: 881

• Message text: Error converting currency &1 into currency &2 on &3

What causes this issue?

In order to calculate the costs, the amounts must already be in the
budget currency or have been converted into it.

System Response

The entries selected contain amounts that could not be converted into
the budget currency. These amounts are not included in the total.

How to fix this error?

Maintain the relevant exchange rate.

Error message extract from SAP system. Copyright SAP SE.

Smart SAP Assistant

• What is the cause and solution for SAP error message PV881 - Error converting currency &1 into currency &2 on &3 ?

  The SAP error message PV881 indicates that there is an issue with currency conversion in a transaction or process. This error typically arises when the system is unable to convert an amount from one currency (currency &1) to another currency (currency &2) on a specific date (&3). Here are the potential causes, solutions, and related information for this error:
  Causes:
  
  
  Missing Exchange Rate: The most common cause is that there is no exchange rate defined for the currency pair on the specified date. SAP requires an exchange rate to perform currency conversions.
  
  
  Incorrect Currency Configuration: The currencies involved may not be properly configured in the system, or there may be issues with the currency settings in the relevant master data.
  
  
  Date Issues: The date specified may not fall within the range of valid exchange rates. Exchange rates can be defined for specific periods, and if the date is outside this range, the conversion will fail.
  
  
  Currency Type Issues: The error may also occur if the currency types (e.g., transaction currency, local currency) are not set up correctly in the system.
  
  
  Solutions:
  
  
  Check Exchange Rates:
  
  Go to the transaction code OB08 (or the relevant transaction for maintaining exchange rates) and verify if there is an exchange rate defined for the currency pair (currency &1 to currency &2) on the specified date (&3).
  If not, you will need to enter the appropriate exchange rate.
  
  
  
  Review Currency Configuration:
  
  Ensure that both currencies involved are correctly configured in the system. Check the currency settings in the relevant master data (e.g., vendor, customer, or material master).
  
  
  
  Validate Date:
  
  Confirm that the date used for the transaction is correct and falls within the valid range of exchange rates. If necessary, adjust the date or update the exchange rates accordingly.
  
  
  
  Check Currency Types:
  
  Ensure that the currency types used in the transaction are correctly set up. This includes checking the settings in the relevant configuration areas (e.g., financial accounting, controlling).
  
  
  
  Consult Documentation:
  
  If the issue persists, refer to SAP documentation or consult with your SAP support team for further assistance.
  
  
  
  Related Information:
  
  
  Transaction Codes: 
  
  OB08: Maintain exchange rates.
  OBBS: Display exchange rates.
  FB01: Post document (to test currency conversion).
  
  
  
  SAP Notes: Check for any relevant SAP Notes that may address specific issues related to currency conversion errors.
  
  
  User Roles: Ensure that the user has the necessary authorizations to view and maintain exchange rates.
  
  
  By following these steps, you should be able to identify and resolve the cause of the PV881 error in SAP.