How To Fix V1438 - Currency & is not defined

SAP Error Message - Details

• Message type: E = Error

• Message class: V1 - Verkaufsbelegbearbeitung

• Message number: 438

• Message text: Currency & is not defined

What causes this issue?

You have entered a currency for which no currency code has been defined
in the system.

How to fix this error?

Correct your entry, or define currency &V1& and the corresponding
exchange rate in Customizing, if you have the authorization to do this.
Defining a currency

<ds:TRAN.OY03>Proceed</>
ENDIF
Defining an exchange rate

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

Error message extract from SAP system. Copyright SAP SE.

Smart SAP Assistant

• What is the cause and solution for SAP error message V1438 - Currency & is not defined ?

  The SAP error message V1438, which states "Currency & is not defined," typically occurs in the context of sales and distribution (SD) or financial transactions when the system encounters a currency that has not been properly configured or defined in the system.
  Cause:
  
  Undefined Currency: The currency being used in the transaction is not defined in the SAP system. This could happen if the currency is not included in the currency settings or if it has been incorrectly entered.
  Missing Configuration: The currency may not be set up in the relevant configuration settings, such as in the company code or in the master data for customers or vendors.
  Incorrect Master Data: The master data for the customer, vendor, or material may reference a currency that is not defined in the system.
  Transaction Type: The transaction type being processed may not support the currency being used.
  
  Solution:
  
  
  Check Currency Configuration:
  
  Go to the transaction code OB08 to check the currency settings. Ensure that the currency in question is defined and has the correct exchange rate settings.
  If the currency is not listed, you may need to add it.
  
  
  
  Review Master Data:
  
  Check the master data for the relevant customer or vendor using transaction codes like XD03 (for customers) or MK03 (for vendors) to ensure that the currency is correctly assigned.
  If the currency is incorrect, update the master data to reflect the correct currency.
  
  
  
  Company Code Settings:
  
  Ensure that the currency is defined in the company code settings. You can check this in the configuration settings for the company code.
  
  
  
  Transaction Type Validation:
  
  Verify that the transaction type you are using supports the currency in question. If not, you may need to adjust the transaction type or use a different one.
  
  
  
  Consult Documentation:
  
  If you are unsure about the configuration steps, refer to SAP documentation or consult with your SAP administrator or support team for guidance.
  
  
  
  Related Information:
  
  Transaction Codes: Familiarize yourself with relevant transaction codes such as OB08 (Define Exchange Rates), XD03 (Display Customer), MK03 (Display Vendor), and OBY6 (Define Company Code).
  Currency Types: Understand the different types of currencies in SAP, such as local currency, document currency, and group currency.
  Exchange Rate Types: Be aware of the different exchange rate types that can be defined in SAP, as they can affect how currencies are handled in transactions.
  
  By following these steps, you should be able to resolve the V1438 error and ensure that the currency is properly defined in your SAP system.