CURRENCY CONVERSION ERROR WHILE SAVING THE QUOTATION "(JAI_PROCESS_MSG= jai_cmn_utils_pkg.currency_conversion. Err.ORA-20120: Currency Conversion Rate Not Defined in The System)" (Doc ID 2057982.1)

Last updated on FEBRUARY 29, 2016

Applies to:

Oracle Financials for India - Version 12.2.4 and later
Information in this document applies to any platform.

Symptoms

On R12.2.4, India PO Localization 

Error while creating or approving the PO Quotations related to Non India Localization OU

ERROR
-------------------
JAI_EXCEPTION_OCCURED
(JAI_PROCESS_MSG= jai_cmn_utils_pkg.currency_conversion.
Err.ORA-20120: Currency Conversion Rate Not Defined in The System

STEPS TO REPRODUCE
-------------------------------
1. Login to the E-Business Suite and choose the Purchasing Module.
2. Quotations - enter quotation
3. Approval is required - attempting to approve - error is encountered

BUSINESS IMPACT
---------------------------
Due to this issue, users cannot approve quotations

Cause

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