How To Fix T7020 - No currency pair is defined for currencies &1 &2

SAP Error Message - Details

• Message type: E = Error

• Message class: T7 - Forex entry

• Message number: 020

• Message text: No currency pair is defined for currencies &1 &2

What causes this issue?

There is no currency pair defined for the currencies you have entered.

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?

Maintain an entry under 'Define lead currency' in the Customizing
settings.

Error message extract from SAP system. Copyright SAP SE.

Smart SAP Assistant

• What is the cause and solution for SAP error message T7020 - No currency pair is defined for currencies &1 &2 ?

  The SAP error message T7020 "No currency pair is defined for currencies &1 &2" typically occurs when there is an attempt to perform a currency conversion or transaction involving two currencies for which no exchange rate or currency pair has been defined in the system. This can happen in various scenarios, such as during the posting of financial documents, currency translations, or when generating reports that involve multiple currencies.
  Cause:
  
  Missing Currency Pair: The primary cause of this error is that the currency pair (e.g., USD to EUR) is not defined in the system's currency settings.
  Inactive Exchange Rate: The exchange rate for the currency pair may not be active or may not have been maintained for the relevant date.
  Configuration Issues: There may be configuration issues in the currency settings or in the financial module that prevent the system from recognizing the currency pair.
  Incorrect Currency Codes: The currencies being used may be incorrectly specified or may not exist in the system.
  
  Solution:
  To resolve the T7020 error, you can follow these steps:
  
  
  Check Currency Pair Definition:
  
  Go to the transaction code OB08 (Maintain Exchange Rates).
  Check if the currency pair (e.g., &1 and &2) is defined. If not, you will need to create a new entry for the currency pair.
  
  
  
  Maintain Exchange Rates:
  
  If the currency pair exists but does not have an active exchange rate, you can maintain the exchange rate for the required date.
  Ensure that the exchange rate is valid for the date of the transaction you are trying to process.
  
  
  
  Verify Currency Codes:
  
  Ensure that the currency codes used in the transaction are correct and match the codes defined in the system.
  
  
  
  Check Configuration:
  
  Review the configuration settings in the Financial Accounting (FI) module to ensure that currency settings are correctly configured.
  You may need to consult with your SAP administrator or a functional consultant if you are unsure about the configuration.
  
  
  
  Testing:
  
  After making the necessary changes, test the transaction again to see if the error persists.
  
  
  
  Related Information:
  
  Transaction Codes: 
  
  OB08: Maintain Exchange Rates
  OB22: Define Currency Types
  
  
  Documentation: Refer to SAP Help documentation for detailed instructions on maintaining exchange rates and currency settings.
  User Roles: Ensure that you have the necessary authorizations to make changes to currency settings in SAP.
  
  If the issue persists after following these steps, it may be beneficial to consult with your SAP support team or refer to SAP Notes for any known issues related to this error message.