How To Fix T7360 - Traded currency must be either buy or sell currency (CoCd: &1 Trans.: &2)

SAP Error Message - Details

• Message type: E = Error

• Message class: T7 - Forex entry

• Message number: 360

• Message text: Traded currency must be either buy or sell currency (CoCd: &1 Trans.: &2)

Self-Explanatory Message

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Smart SAP Assistant

• What is the cause and solution for SAP error message T7360 - Traded currency must be either buy or sell currency (CoCd: &1 Trans.: &2) ?

  The SAP error message T7360 indicates that there is an issue with the traded currency in a transaction. Specifically, it states that the traded currency must be either the buy currency or the sell currency for the specified company code (CoCd) and transaction type (Trans.).
  Cause:
  This error typically occurs in the context of financial transactions, particularly in trading or foreign exchange scenarios. The main causes include:
  
  Incorrect Currency Configuration: The currency used in the transaction does not match the expected buy or sell currency defined in the system for that specific transaction type.
  Missing Currency Pair: The currency pair for the transaction may not be defined in the system, leading to a mismatch.
  Transaction Type Misconfiguration: The transaction type may not be set up correctly to handle the currencies involved.
  Data Entry Error: There may be a simple data entry error where the wrong currency is selected.
  
  Solution:
  To resolve the T7360 error, you can take the following steps:
  
  
  Check Currency Configuration:
  
  Go to the configuration settings for the relevant transaction type in SAP.
  Ensure that the buy and sell currencies are correctly defined and that the traded currency matches one of these.
  
  
  
  Verify Transaction Type:
  
  Check the configuration of the transaction type being used. Ensure that it is set up to accept the currencies involved in the transaction.
  
  
  
  Review Currency Pair:
  
  Ensure that the currency pair (buy and sell) is defined in the system. You can check this in the relevant transaction or configuration area.
  
  
  
  Correct Data Entry:
  
  If the error is due to incorrect data entry, correct the currency selection in the transaction and try again.
  
  
  
  Consult Documentation:
  
  Review SAP documentation or help resources related to currency handling in the specific module you are working with (e.g., Treasury and Risk Management, Financial Accounting).
  
  
  
  Contact Support:
  
  If the issue persists after checking the above points, consider reaching out to your SAP support team or consulting with an SAP expert for further assistance.
  
  
  
  Related Information:
  
  Transaction Codes: Depending on the module, you may be using specific transaction codes (e.g., F-02 for general postings, or specific transaction codes for trading).
  SAP Notes: Check SAP Notes for any known issues or patches related to this error message.
  Documentation: Review the SAP Help Portal for detailed information on currency handling and configuration in your specific SAP module.
  
  By following these steps, you should be able to identify and resolve the cause of the T7360 error in your SAP system.