How To Fix 64062 - Exch. rate add.info is incorrect

SAP Error Message - Details

• Message type: E = Error

• Message class: 64 - Treasury Management: Securities

• Message number: 062

• Message text: Exch. rate add.info is incorrect

Self-Explanatory Message

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Smart SAP Assistant

• What is the cause and solution for SAP error message 64062 - Exch. rate add.info is incorrect ?

  The SAP error message 64062, which states "Exch. rate add.info is incorrect," typically occurs when there is an issue with the exchange rate information in the system. This error can arise in various contexts, such as during the posting of documents, currency conversion, or when dealing with foreign currency transactions.
  Causes:
  
  Incorrect Exchange Rate Type: The exchange rate type specified in the transaction may not be defined or may not have valid rates for the specified date.
  Missing Exchange Rate: There may be no exchange rate defined for the currency pair on the date of the transaction.
  Invalid Currency Pair: The currencies involved in the transaction may not be correctly set up in the system.
  Configuration Issues: There may be issues with the configuration of the currency settings in the SAP system.
  Date Issues: The date of the transaction may fall outside the range of valid exchange rates.
  
  Solutions:
  
  
  Check Exchange Rate Configuration:
  
  Go to the transaction code OB08 to check the exchange rates. Ensure that the correct exchange rate type is defined and that there are valid rates for the relevant currency pair and date.
  
  
  
  Verify Currency Pair:
  
  Ensure that the currencies involved in the transaction are correctly set up in the system. You can check this in the transaction code OB22.
  
  
  
  Update Exchange Rates:
  
  If the exchange rates are missing or incorrect, update them in the system. You can do this through transaction code OB08.
  
  
  
  Check Transaction Date:
  
  Ensure that the transaction date is within the range of valid exchange rates. If necessary, adjust the date or add the required exchange rates for that date.
  
  
  
  Review Document Settings:
  
  If the error occurs during document posting, review the document settings to ensure that the correct exchange rate type is being used.
  
  
  
  Consult SAP Notes:
  
  Check for any relevant SAP Notes that may address this specific error. Sometimes, there are known issues or patches that can resolve the problem.
  
  
  
  Related Information:
  
  
  Transaction Codes:
  
  OB08: Maintain exchange rates.
  OB22: Define currency types.
  
  
  
  Exchange Rate Types: Common exchange rate types include M (average rate), G (historical rate), and B (bank buying rate). Ensure that the correct type is being used for your transactions.
  
  
  Documentation: Refer to SAP documentation or help resources for more detailed information on currency and exchange rate management.
  
  
  If the issue persists after checking these areas, it may be beneficial to consult with your SAP support team or a functional consultant who specializes in financial accounting (FI) or controlling (CO) modules.