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Purchase order - Currency

Former Member
0 Kudos

Hi

When i try to post the Purchase order i am getting the following error message :

Maintain conversion factors for EUR / INR (currency type M)

Message no. SG111

Diagnosis

No conversion factors are maintained for the currency pair or there is no valid entry for 10.12.2008.

System Response

Error message when trying to create entries for the currency pair.

Warning for entries which already exist.

Procedure

First maintain the conversion factors for the currency pair and the exchange rates which you specified. Choose

Global settings -> Currencies -> Conversion factors in the Implementation Guide.

Execute Function

Thanks & Regards,

senthil

Accepted Solutions (1)

Accepted Solutions (1)

Former Member
0 Kudos

hi,

System is generating currency conversion warning/error message while creation of po, its because currency conversion transaction has not been maintained.

use the T- Code OB08 with valid date to maintained currency conversion for EUR/INR

hope it helps....

manoj singh

Answers (4)

Answers (4)

Former Member
0 Kudos

Hi

The Currency Conversion is as follows

1 Euro = 63.8129 INR how would we maintain in T.code : OB08

What is Direct quotation and Indirect quotation means how it is related

Can any one explain me in detail ?

Thanks & Regards,

Senthil.

kunal_ingale
Active Contributor
0 Kudos

hi

indirect quotation

A currency value expressed in units of the foreign currency per unit of

local currency (compared to direct quotation).

Indirect quotation is also known as volume notation.

Example

Local currency: EUR

Foreign currency: USD

For one unit of the local currency EUR you will receive the displayed

number of units of the foreign currency - that is 1.0808 USD.

direct quotation

A currency value expressed in units of the local currency per unit of

foreign currency (compared to indirect quotation).

Direct quotation is also known as price notation.

Example

Local currency: EUR

Foreign currency: USD

One unit of foreign currency USD costs the displayed number of units of

local currency - that is, 0.92524 EUR.

try maintaining the exchange rate in reverse fomat

like u maintained euro to inr now try maintaining inr to euro

CHECK code ONOT here what u have defined for the currency

regards

kunal

Edited by: kunal ingale on Dec 10, 2008 8:09 AM

Former Member
0 Kudos

Hi,

Direct quoted ER 63.8129 EUR = ratio(to) 100 INR

Regards,

Deepak.

Former Member
0 Kudos

Hi all ,

Had a queery wrt to above issue ,

Can thr be automatic updation of the conversion factor or this has to be every time done thru OB08 manually ?

Thanks in advance

Regards

Former Member
0 Kudos

Hi senthil,

After maintaining the Currency rate please check your Contorlling area Setting in Spro=> Enterprise str.=> controlling=> Please check whether your controlling area config is defined for cross company code cost accounting is maintained or not. if not Please tell your FICO person to do the needful.

regards,

ninad kshirsagar

former_member581212
Active Contributor
0 Kudos

hi,

ENter the conversions in the OB08.......DO NOT FORGET TO ENTER THE VALID DATE...

REgards

Priyanka.P

Former Member
0 Kudos

Hi,

tcode - OB08 and maintain exchange rate.

Regards,

Deepak.