How To Fix SG118 - No reference currency or inversion is possible for buying/selling rate

SG118 - Overview

• Message type: E = Error

• Message class: SG - Global Pool for Cross-Application Developments

• Message number: 118

• Message text: No reference currency or inversion is possible for buying/selling rate

What causes this issue?

Currencies are converted using an average exchange rate. A basic
currency, which then also becomes effective for buying and selling rate
conversions, can be specified for this average exchange rate.

System Response

Error message

How to fix this error?

If the buying or selling exchange rate name is correct, do not mark the
inversion, and do not specify a basis currency.
Otherwise reset the buying or selling exchange rate name.

Error message extract from SAP system. Copyright SAP SE.

SG118 - Details

• The SAP error message SG118 ("No reference currency or inversion is possible for buying/selling rate") typically occurs in the context of foreign currency transactions, particularly when dealing with exchange rates in SAP. This error indicates that the system is unable to determine a valid reference currency or that the necessary exchange rate information is not available for the specified currencies.
  Causes:
  
  Missing Exchange Rate: The exchange rate for the currency pair you are trying to use is not maintained in the system.
  Incorrect Currency Configuration: The currencies involved in the transaction may not be properly configured in the system.
  Reference Currency Not Defined: The reference currency for the transaction may not be defined in the system settings.
  Inversion Not Possible: The system may not be able to invert the exchange rate due to missing data or incorrect settings.
  
  Solutions:
  
  
  Maintain Exchange Rates:
  
  Go to the transaction code OB08 (Maintain Exchange Rates).
  Check if the exchange rate for the relevant