How To Fix WV_FP038 - System does not recognize the entered currency

SAP Error Message - Details

• Message type: E = Error

• Message class: WV_FP -

• Message number: 038

• Message text: System does not recognize the entered currency

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.

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Smart SAP Assistant

• What is the cause and solution for SAP error message WV_FP038 - System does not recognize the entered currency ?

  The SAP error message WV_FP038, which states "System does not recognize the entered currency," typically occurs when the system encounters a currency that is not defined or recognized in the current configuration. This can happen in various scenarios, such as during the entry of financial transactions, pricing conditions, or when working with foreign currencies.
  Causes:
  
  Currency Not Defined: The currency you are trying to use is not defined in the system.
  Currency Not Active: The currency may be defined but not active for the relevant company code or controlling area.
  Incorrect Currency Code: There may be a typo or incorrect currency code entered.
  Missing Exchange Rate: If the currency is defined but there is no exchange rate maintained for it, the system may not recognize it.
  
  Configuration Issues: There may be issues with the configuration settings related to currencies in the SAP system.
  
  Solutions:
  
  
  Check Currency Definition:
  
  Go to the transaction code OB08 to check if the currency is