How To Fix RQ124 - Error during currency translation (see long text)

SAP Error Message - Details

• Message type: E = Error

• Message class: RQ - Messages for Cash Management and Forecast

• Message number: 124

• Message text: Error during currency translation (see long text)

What causes this issue?

It was not possible to translate an amount into another currency. The
first attempt was to translate from planning currency &V1& into display
currency &V2&.
As an error occurred during this attempt, the system then tried to
translate via the local currency. An error then occurred in the
translationr from &V3& to &V4&.
The system used the average rate, unless you specified a different rate
type in the selection parameters.

System Response

The system issues an error message and will not allow you to continue with this transaction until the error is resolved.

How to fix this error?

Make the missing entry in the exchange rate table.

<DS:TRAN.OB08>Proceed</>
ENDIF

Procedure for System Administrators

Error message extract from SAP system. Copyright SAP SE.

Smart SAP Assistant

• What is the cause and solution for SAP error message RQ124 - Error during currency translation (see long text) ?

  The SAP error message RQ124, which indicates "Error during currency translation," typically occurs during the process of currency conversion in financial transactions or reporting. This error can arise due to various reasons, and understanding the cause is essential for resolving it.
  Causes of RQ124 Error
  
  
  Missing or Incorrect Exchange Rates: The most common cause is that the required exchange rates for the currencies involved are missing or not maintained in the system.
  
  
  Currency Type Issues: The error may occur if the currency type (e.g., transaction currency, local currency, or group currency) is not correctly defined or is inconsistent.
  
  
  Date Issues: If the exchange rate is not valid for the date of the transaction or reporting period, this can lead to errors.
  
  
  Configuration Issues: Incorrect configuration in the currency translation settings or in the financial module can also lead to this error.
  
  
  Data Integrity Issues: Problems with the underlying data, such as missing or incorrect entries in the relevant tables, can trigger this error.
  
  
  Solutions to RQ124 Error
  
  
  Check Exchange Rates:
  
  Go to the transaction code OB08 to check if the exchange rates are maintained for the relevant currencies and periods.
  Ensure that the exchange rates are valid for the date of the transaction.
  
  
  
  Verify Currency Types:
  
  Ensure that the currency types used in the transaction are correctly defined and consistent with the configuration.
  
  
  
  Review Configuration:
  
  Check the configuration settings for currency translation in the relevant financial modules (e.g., FI, CO).
  Ensure that the settings for currency types and translation methods are correctly set up.
  
  
  
  Data Validation:
  
  Validate the data involved in the transaction to ensure there are no missing or incorrect entries.
  Check for any inconsistencies in the master data that could affect currency translation.
  
  
  
  Consult Long Text:
  
  The error message often comes with a long text that provides additional details about the specific issue. Review this long text for more context.
  
  
  
  SAP Notes and Support:
  
  Check the SAP Support Portal for any relevant SAP Notes that may address this specific error.
  If the issue persists, consider reaching out to SAP support for further assistance.
  
  
  
  Related Information
  
  Transaction Codes: Familiarize yourself with relevant transaction codes such as OB08 (Maintain Exchange Rates), OBA1 (Maintain Currency Types), and others related to financial reporting.
  Documentation: Review SAP documentation related to currency translation and financial reporting for best practices and troubleshooting steps.
  Testing: After making changes, perform tests to ensure that the currency translation works correctly and that the error does not reoccur.
  
  By following these steps, you should be able to identify the cause of the RQ124 error and implement a solution to resolve it.