How To Fix >0248 - Fixed exchange rate &1 only is permitted

SAP Error Message - Details

• Message type: E = Error

• Message class: >0 - General Basis texts

• Message number: 248

• Message text: Fixed exchange rate &1 only is permitted

Self-Explanatory Message

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Smart SAP Assistant

• What is the cause and solution for SAP error message >0248 - Fixed exchange rate &1 only is permitted ?

  The SAP error message 0248 ("Fixed exchange rate &1 only is permitted") typically occurs in the context of currency conversion or when dealing with foreign currency transactions in SAP. This error indicates that the system is expecting a specific fixed exchange rate for a currency pair, but the provided exchange rate does not meet the required criteria.
  Cause:
  
  Incorrect Exchange Rate Type: The exchange rate type being used may not be set up correctly in the system, or it may not be the fixed exchange rate type that is expected.
  Missing Exchange Rate: The fixed exchange rate for the specified currency pair may not be maintained in the system.
  Configuration Issues: There may be configuration issues in the currency settings or in the financial settings of the SAP system.
  Transaction Type: The transaction being processed may not support the exchange rate type being used.
  
  Solution:
  
  
  Check Exchange Rate Type:
  
  Go to the transaction code OB08 (Maintain Exchange Rates) and verify that the correct exchange rate type is maintained for the currency pair in question.
  Ensure that the exchange rate type is set to a fixed exchange rate if that is what is required.
  
  
  
  Maintain Missing Exchange Rates:
  
  If the required fixed exchange rate is missing, you can add it in the same transaction (OB08) by entering the appropriate currency pair and the fixed exchange rate.
  
  
  
  Review Configuration:
  
  Check the configuration settings in the SAP system related to currency and exchange rates. This can be done through the transaction code SPRO (SAP Reference IMG) and navigating to the relevant sections under Financial Accounting (FI) or Controlling (CO).
  
  
  
  Transaction Type Validation:
  
  Ensure that the transaction type you are using supports the fixed exchange rate. If not, you may need to adjust the transaction or use a different exchange rate type.
  
  
  
  Consult Documentation:
  
  Review SAP documentation or help resources for any specific notes or guidelines related to the error message.
  
  
  
  Related Information:
  
  Transaction Codes:
  
  OB08: Maintain Exchange Rates
  SPRO: SAP Reference IMG for configuration
  
  
  Exchange Rate Types: Familiarize yourself with the different exchange rate types available in SAP and their purposes.
  SAP Notes: Check for any relevant SAP Notes that may address this specific error or provide additional guidance.
  
  If the issue persists after following these steps, it may be beneficial to consult with your SAP support team or a functional consultant who specializes in financial modules to further investigate the problem.