How To Fix T0555 - Currency &1 does not exist

SAP Error Message - Details

• Message type: E = Error

• Message class: T0 - General Treasury

• Message number: 555

• Message text: Currency &1 does not exist

Self-Explanatory Message

Since SAP believes that this specific error message is 'self-explanatory,' no more information has been given.The majority of messages in the SAP system have a message text, however this is frequently insufficient to comprehend or resolve the problem.

To make things easier, more detailed information is frequently added to describe the issue, how to fix it, and the necessary steps or configuration modifications.

Unfortunately, there isn't any extra information in this error notice.

What else can you do?

First, use our AnswerBot below to get a possible cause and solution (requires a premium subscription).

Also, review the in-depth Common Questions & Answers listed below; you could discover a solution there or be able to connect with others who have faced similar challenges.

You can also try searching the SAP support portal (support.sap.com) but you need a special user ID to access it. It is possible that an SAP support note exists that provides additional details about the mistake or even steps for fixing it.

Smart SAP Assistant

• What is the cause and solution for SAP error message T0555 - Currency &1 does not exist ?

  The SAP error message T0555, which states "Currency &1 does not exist," typically occurs when the system encounters a currency code that is not recognized or defined in the system. This can happen in various scenarios, such as during the posting of financial transactions, currency conversion, or when generating reports that involve currency data.
  Cause:
  
  Undefined Currency: The currency code being used in the transaction or report is not defined in the SAP system.
  Incorrect Currency Code: There may be a typo or incorrect currency code being used.
  Missing Currency Configuration: The currency may not be configured properly in the system settings.
  Data Migration Issues: If data has been migrated from another system, some currency codes may not have been transferred correctly.
  
  Solution:
  
  Check Currency Code: Verify that the currency code being used is correct. Ensure there are no typos or incorrect entries.
  Define Currency: If the currency code does not exist, you will need to define it in the system. This can be done by:
  
  Navigating to Transaction Code OY03 (or through the menu: SPRO > Financial Accounting > Financial Accounting Global Settings > Currencies > Define Currencies).
  Adding the missing currency code and ensuring it is set up correctly.
  
  
  Check Currency Configuration: Ensure that the currency is properly configured in the system settings, including exchange rates if applicable.
  Review Data Migration: If this issue arose after a data migration, review the migration process to ensure all necessary currency codes were included.
  Consult Documentation: Refer to SAP documentation or help resources for additional guidance on currency configuration.
  
  Related Information:
  
  Transaction Codes: 
  
  OY03: Define Currencies
  OB08: Maintain Exchange Rates
  
  
  SAP Notes: Check SAP Notes for any known issues or patches related to currency handling.
  User Authorization: Ensure that you have the necessary authorizations to make changes to currency settings in the system.
  Testing: After making changes, perform tests to ensure that the error does not reoccur and that transactions can be processed without issues.
  
  If the problem persists after following these steps, it may be beneficial to consult with your SAP support team or a technical consultant for further assistance.