Currency type &1 can't be used in currency conversion for CCode &2

What causes this issue?

Currency type &V1& is defined as company code independent. You have
defined currency conversion settings for it in company code &V2&. This
is not allowed.

System Response

The data can't be saved.

How to fix this error?

Correct the data.

Procedure for System Administrators

Error message extract from SAP system. Copyright SAP SE.