1P124 - Error during currency conversion

SAP Error Message - Details

• Message type: E = Error

• Message class: 1P - BCA: Payment Transactions

• Message number: 124

• Message text: Error during currency conversion

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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Also, review the in-depth Common Questions & Answers listed below; you could discover a solution there or be able to connect with others who have faced similar challenges.

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AnswerBot

• What is the cause and solution for SAP error message 1P124 - Error during currency conversion ?

  The SAP error message 1P124 indicates that there is an issue during currency conversion. This error typically arises when the system is unable to convert an amount from one currency to another due to various reasons. Here are some common causes, potential solutions, and related information for this error:
  Causes:
  
  Missing Exchange Rate: The exchange rate for the currency pair involved in the transaction may not be maintained in the system.
  Invalid Currency Pair: The currencies being used may not be valid or recognized by the system.
  Date Issues: The exchange rate may not be valid for the date of the transaction. Exchange rates can be time-sensitive.
  Configuration Issues: There may be configuration issues in the currency settings or in the financial settings of the SAP system.
  Currency Type: The currency type used in the transaction may not be set up correctly in the system.
  
  Solutions:
  
  
  Check Exchange Rates:
  
  Go to the transaction code OB08 to check if the exchange rates for the relevant currency pair are maintained.
  If not, you will need to enter the appropriate exchange rates.
  
  
  
  Verify Currency Pair:
  
  Ensure that the currencies involved in the transaction are valid and correctly configured in the system.
  
  
  
  Review Transaction Date:
  
  Check the date of the transaction to ensure that it falls within the range of valid exchange rates. If necessary, update the exchange rates for the required date.
  
  
  
  Configuration Review:
  
  Review the configuration settings related to currencies in the SAP system. This may involve checking the settings in the Financial Accounting (FI) module.
  
  
  
  Currency Type Check:
  
  Ensure that the currency type used in the transaction is correctly set up and recognized by the system.
  
  
  
  Consult Documentation:
  
  Refer to SAP documentation or help resources for additional guidance on currency conversion issues.
  
  
  
  Related Information:
  
  Transaction Codes: Familiarize yourself with relevant transaction codes such as OB08 (Maintain Exchange Rates), OB22 (Define Currency Types), and OBY6 (Define Global Parameters for Company Code).
  SAP Notes: Check for any SAP Notes related to currency conversion errors that may provide additional insights or patches.
  User Authorization: Ensure that you have the necessary authorizations to view and maintain exchange rates and currency settings.
  
  If the issue persists after trying the above solutions, it may be beneficial to consult with your SAP support team or a technical consultant who can provide more in-depth analysis and assistance.