How To Fix 5A144 - No exchange rate exists for the cost element &1 of business event &2

SAP Error Message - Details

• Message type: E = Error

• Message class: 5A - Basis Personnel Management

• Message number: 144

• Message text: No exchange rate exists for the cost element &1 of business event &2

Self-Explanatory Message

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Smart SAP Assistant

• What is the cause and solution for SAP error message 5A144 - No exchange rate exists for the cost element &1 of business event &2 ?

  The SAP error message 5A144 indicates that there is no exchange rate available for a specific cost element associated with a business event. This typically occurs in scenarios involving currency conversion, such as when you are trying to post costs or transactions in a currency that differs from the local currency of the cost element.
  Cause:
  
  Missing Exchange Rate: The primary cause of this error is that there is no exchange rate defined in the system for the currency pair involved (e.g., the currency of the cost element and the currency of the transaction).
  Incorrect Date: The exchange rate might not exist for the specific date of the transaction. Exchange rates are often defined for specific periods, and if the transaction date falls outside of this range, the system will not find a valid rate.
  Configuration Issues: There may be configuration issues in the currency settings or in the way the cost element is set up in the system.
  
  Solution:
  
  
  Check Exchange Rates:
  
  Go to the transaction code OB08 (Maintain Exchange Rates) to check if the exchange rate for the relevant currency pair exists.
  If it does not exist, you will need to enter the appropriate exchange rate for the required date.
  
  
  
  Verify Transaction Date:
  
  Ensure that the transaction date falls within the range of dates for which the exchange rate is defined. If necessary, update the exchange rate for the required date.
  
  
  
  Review Cost Element Configuration:
  
  Check the configuration of the cost element in the system to ensure it is set up correctly to handle transactions in multiple currencies.
  
  
  
  Currency Type:
  
  Ensure that the currency type used in the transaction is correctly defined and that the system is set up to handle it.
  
  
  
  Consult Documentation:
  
  If the issue persists, consult SAP documentation or reach out to your SAP support team for further assistance.
  
  
  
  Related Information:
  
  Transaction Codes: 
  
  OB08: Maintain Exchange Rates
  CKM3N: Display Material Price Analysis (to check cost elements)
  
  
  SAP Notes: Check for any relevant SAP Notes that might address this specific error or provide additional troubleshooting steps.
  User Roles: Ensure that the user has the necessary authorizations to view and maintain exchange rates.
  
  By following these steps, you should be able to resolve the error message 5A144 and ensure that the necessary exchange rates are in place for your transactions.