How To Fix 1K702 - Bank Area &1 Account &2 : No rate found to convert &3 to Euro

1K702 - Overview

• Message type: E = Error

• Message class: 1K - BCA: Account Type

• Message number: 702

• Message text: Bank Area &1 Account &2 : No rate found to convert &3 to Euro

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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Smart SAP Assistant

• What is the cause and solution for SAP error message 1K702 - Bank Area &1 Account &2 : No rate found to convert &3 to Euro ?

  The SAP error message 1K702 indicates that there is no exchange rate available to convert a specified amount from one currency to Euro in the context of a bank area and account. This typically occurs during financial transactions that involve currency conversion, such as when processing payments or managing bank accounts in different currencies.
  
  Cause:
  
  Missing Exchange Rate: The primary cause of this error is that there is no exchange rate defined in the system for the currency you are trying to convert to Euro.
  Date Issues: The exchange rate may not be available for the specific date of the transaction. Exchange rates in SAP are often date-sensitive.
  
  Configuration Issues: The currency conversion settings in the SAP system may not be properly configured, or the relevant currency pair may not be activated.
  Bank Area Configuration: The bank area or account may not be set up correctly to handle the currency conversion.
  
  
  Solution:
  
  
  Check Exchange Rates:
  
  Go to the