How To Fix 67708 - Local currency amount and rate of exchange reset

67708 - Overview

• Message type: E = Error

• Message class: 67 - Loans Messages - Financial Assets Management

• Message number: 708

• Message text: Local currency amount and rate of exchange reset

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 67708 - Local currency amount and rate of exchange reset ?

  The SAP error message 67708, which states "Local currency amount and rate of exchange reset," typically occurs in the context of financial transactions, particularly when dealing with foreign currency transactions. This error indicates that there is a discrepancy or issue with the local currency amount or the exchange rate used in a transaction.
  Causes:
  
  Currency Conversion Issues: The error may arise if the system is unable to convert the foreign currency amount to the local currency due to missing or incorrect exchange rates.
  Incorrect Configuration: The configuration settings for currency types or exchange rate types may not be set up correctly in the system.
  Posting Period Issues: If the posting period is closed or not open for the transaction date, it may lead to this error.
  Data Entry Errors: Manual entry errors in the transaction data, such as incorrect amounts or currency codes, can trigger this message.
  Currency Type Mismatch: The currency type used in the