How To Fix WV118 - Currency &1 not defined

WV118 - Overview

• Message type: E = Error

• Message class: WV - Messages about Sales Price Calculation

• Message number: 118

• Message text: Currency &1 not defined

What causes this issue?

Currency &V1& does not exist in the system.

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?

If you wish to define a new currency, you will need to maintain it in
Customizing together with the conversion rule.

Error message extract from SAP system. Copyright SAP SE.

Smart SAP Assistant

• What is the cause and solution for SAP error message WV118 - Currency &1 not defined ?

  The SAP error message WV118, which states "Currency &1 not defined," typically occurs when the system encounters a currency that has not been properly defined in the configuration settings. This can happen in various contexts, such as during the processing of transactions, reporting, or when trying to create or modify master data.
  
  Cause:
  
  Missing Currency Definition: The currency in question has not been defined in the system. This could be a new currency that has not been set up yet.
  Incorrect Configuration: The currency might be incorrectly configured or not assigned to the relevant company code or controlling area.
  Data Entry Error: There may be a typo or error in the currency code being used in the transaction or master data.
  Currency Type Issues: The currency might not be defined for the specific type of transaction or document being processed.
  
  
  Solution:
  
  
  Define the Currency:
  
  Go to the transaction code OB08 (or navigate through the menu: SPRO > Financial