How To Fix 8B248 - Currency conversion factor &1 &2 for date &3 not found

SAP Error Message - Details

• Message type: E = Error

• Message class: 8B - Localization (Brazil)

• Message number: 248

• Message text: Currency conversion factor &1 &2 for date &3 not found

What causes this issue?

The currency convertion factor does not exist.

System Response

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

How to fix this error?

Maintain the currency convertion factor

Error message extract from SAP system. Copyright SAP SE.

Smart SAP Assistant

• What is the cause and solution for SAP error message 8B248 - Currency conversion factor &1 &2 for date &3 not found ?

  The SAP error message 8B248 indicates that the system could not find a currency conversion factor for the specified currency pair and date. This typically occurs when you are trying to perform a transaction that requires currency conversion, but the necessary exchange rate data is missing.
  Cause:
  
  Missing Exchange Rate: The primary cause of this error is that there is no exchange rate defined for the currency pair (e.g., from currency A to currency B) for the specified date.
  Incorrect Date: The date for which the exchange rate is being requested may not have been maintained in the system.
  Currency Pair Not Defined: The currency pair you are trying to convert may not be set up in the system.
  Data Maintenance Issues: There may be issues with how the exchange rates were maintained, such as incorrect configuration or missing entries.
  
  Solution:
  
  
  Check Exchange Rate Maintenance:
  
  Go to the transaction code OB08 (or use the menu path: Logistics > Financial Accounting > Financial Accounting Global Settings > Currencies > Define Exchange Rates).
  Verify if the exchange rate for the specified currency pair and date exists. If not, you will need to enter the appropriate exchange rate.
  
  
  
  Enter Missing Exchange Rates:
  
  If the exchange rate is missing, you can add it by selecting the appropriate currencies and entering the rate for the required date.
  
  
  
  Check Date Validity:
  
  Ensure that the date you are using for the transaction is within the range of dates for which exchange rates have been maintained.
  
  
  
  Review Currency Configuration:
  
  Check if the currencies involved in the transaction are correctly configured in the system. This includes ensuring that they are active and properly set up in the currency settings.
  
  
  
  Consult Documentation:
  
  If you are unsure about how to maintain exchange rates or if you encounter further issues, refer to SAP documentation or consult with your SAP support team.
  
  
  
  Related Information:
  
  Transaction Codes: 
  
  OB08: Maintain exchange rates.
  OBBS: Display exchange rates.
  
  
  Currency Types: Ensure you are aware of the different currency types (e.g., translation, transaction) and how they affect your transactions.
  SAP Notes: Check for any relevant SAP Notes that may address specific issues related to currency conversion or this error message.
  
  By following these steps, you should be able to resolve the error message 8B248 and ensure that currency conversions can be performed successfully in your SAP system.