1P162 - Not possible to convert from the &1 currency to &2

SAP Error Message - Details

• Message type: E = Error

• Message class: 1P - BCA: Payment Transactions

• Message number: 162

• Message text: Not possible to convert from the &1 currency to &2

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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AnswerBot

• What is the cause and solution for SAP error message 1P162 - Not possible to convert from the &1 currency to &2 ?

  The SAP error message 1P162 indicates that there is an issue with currency conversion between two currencies in a transaction. This error typically arises when the system is unable to find a valid exchange rate for the specified currencies at the time of the transaction.
  Cause:
  
  Missing Exchange Rate: The most common cause is that there is no exchange rate defined in the system for the currencies involved (from currency &1 to currency &2).
  Invalid Currency Pair: The currencies specified 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, and if the rate is not maintained for the specific date, the conversion will fail.
  Configuration Issues: There may be configuration issues in the currency settings or in the financial settings of the SAP system.
  
  Solution:
  
  
  Check Exchange Rates:
  
  Go to the transaction code OB08 (Maintain Exchange Rates) to check if the exchange rate between the two currencies is maintained.
  If not, you will need to enter the appropriate exchange rate for the required date.
  
  
  
  Verify Currency Codes:
  
  Ensure that the currency codes used in the transaction are correct and valid. You can check the currency codes in the SAP system to confirm.
  
  
  
  Check Transaction Date:
  
  Make sure that the transaction date falls within the range of the maintained exchange rates. If the date is outside this range, you may need to adjust the date or maintain the exchange rate for that specific date.
  
  
  
  Review Configuration:
  
  If you have access, review the configuration settings related to currencies and exchange rates in the SAP system. Ensure that the settings are correctly configured to allow for currency conversions.
  
  
  
  Consult with Finance Team:
  
  If you are unsure about the exchange rates or the currency settings, consult with your finance or accounting team, as they may have insights into the required rates and configurations.
  
  
  
  Related Information:
  
  
  Transaction Codes:
  
  OB08: Maintain Exchange Rates
  OBBS: Display Exchange Rates
  OBB8: Maintain Exchange Rate Types
  
  
  
  Documentation: Refer to SAP Help documentation for more details on currency conversion and exchange rate maintenance.
  
  
  SAP Notes: Check for any relevant SAP Notes that may address specific issues related to currency conversion errors.
  
  
  By following these steps, you should be able to resolve the error message 1P162 and successfully perform the currency conversion in your SAP system.