How To Fix 881611 - Exchange rate type for company code &1 is not maintained

SAP Error Message - Details

• Message type: E = Error

• Message class: 881 - Recycling Administration

• Message number: 611

• Message text: Exchange rate type for company code &1 is not maintained

What causes this issue?

An exchange rate type must be entered for settlement in the respective
company code to convert between different currencies.

System Response

How to fix this error?

You can maintain the exchange rate type in the recycling partner dialog
in the detailed view of the company code.

Procedure for System Administrators

The system issues an error message and will not allow you to continue with this transaction until the error is resolved.

Error message extract from SAP system. Copyright SAP SE.

Smart SAP Assistant

• What is the cause and solution for SAP error message 881611 - Exchange rate type for company code &1 is not maintained ?

  The SAP error message 881611, which states "Exchange rate type for company code &1 is not maintained," typically occurs when there is an issue with the configuration of exchange rates in the SAP system for a specific company code. Here’s a breakdown of the cause, solution, and related information for this error:
  Cause:
  
  Missing Exchange Rate Type Configuration: The error indicates that the exchange rate type required for currency conversion in the specified company code is not defined in the system.
  Incorrect Company Code: The company code specified in the error message may not have the necessary exchange rate type set up.
  Currency Settings: The currency settings for the company code may not be properly configured, leading to the inability to find the appropriate exchange rate type.
  
  Solution:
  To resolve this error, you can follow these steps:
  
  
  Check Exchange Rate Type Configuration:
  
  Go to the SAP transaction code OB08 (Maintain Exchange Rates).
  Verify if the exchange rate type you are trying to use is defined for the company code in question.
  If it is not maintained, you will need to create or update the exchange rate type for the relevant company code.
  
  
  
  Define Exchange Rate Type:
  
  If the exchange rate type is missing, you can create it by:
  
  Selecting the appropriate exchange rate type.
  Entering the required currency pairs and their corresponding rates.
  Saving the changes.
  
  
  
  
  
  Check Company Code Settings:
  
  Go to transaction code OBY6 (Define Company Code).
  Ensure that the company code is correctly set up with the necessary currency settings.
  
  
  
  Review Currency Settings:
  
  Check if the currency settings for the company code are correct by using transaction code OBY6.
  Ensure that the local currency and any other currencies used are properly defined.
  
  
  
  Test the Configuration:
  
  After making the necessary changes, perform a test transaction that requires currency conversion to ensure that the error no longer occurs.
  
  
  
  Related Information:
  
  Exchange Rate Types: Exchange rate types are used in SAP to define how currency conversions are handled. Common types include M (average rate), B (bank buying rate), and G (bank selling rate).
  Transaction Codes:
  
  OB08: Maintain Exchange Rates
  OBY6: Define Company Code
  OB22: Define Exchange Rate Types
  
  
  Documentation: Refer to SAP Help documentation for detailed information on configuring exchange rates and currency settings.
  
  By following these steps, you should be able to resolve the error message 881611 and ensure that your SAP system can handle currency conversions correctly for the specified company code.