How To Fix 8B542 - Rate not found for currency conversion from &1 to &2

SAP Error Message - Details

• Message type: E = Error

• Message class: 8B - Localization (Brazil)

• Message number: 542

• Message text: Rate not found for currency conversion from &1 to &2

What causes this issue?

The currency conversion rate is missing from the conversion table.

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?

Add the missing entry to the table.

Procedure for System Administrators

Error message extract from SAP system. Copyright SAP SE.

Smart SAP Assistant

• What is the cause and solution for SAP error message 8B542 - Rate not found for currency conversion from &1 to &2 ?

  The SAP error message 8B542 indicates that the system could not find a valid exchange rate for currency conversion from one currency (denoted as &1) to another currency (denoted as &2). This error typically occurs in scenarios involving financial transactions, such as when trying to post documents, create invoices, or perform currency conversions in reports.
  Causes:
  
  Missing Exchange Rate: The most common cause is that there is no exchange rate defined in the system for the specified currency pair (from &1 to &2).
  Incorrect Date: The exchange rate may not be available for the date of the transaction. Exchange rates can be date-specific, and if the rate is not maintained for the transaction date, this error will occur.
  Currency Configuration: The currencies involved may not be properly configured in the system, or they may not be set up for currency conversion.
  Exchange Rate Type: The exchange rate type being used may not have the required rates maintained.
  
  Solutions:
  
  
  Maintain Exchange Rates:
  
  Go to the transaction code OB08 (or use the menu path: SPRO > Financial Accounting > Financial Accounting Global Settings > Currencies > Maintain Exchange Rates).
  Check if the exchange rate for the currency pair (from &1 to &2) exists for the relevant date.
  If it does not exist, you can enter the required exchange rate.
  
  
  
  Check Transaction Date:
  
  Ensure that the date of the transaction falls within the range of dates for which the exchange rate is maintained. If necessary, update the exchange rates for the required date.
  
  
  
  Verify Currency Configuration:
  
  Check the configuration of the currencies involved to ensure they are set up correctly in the system. This can be done in the transaction code OB22 (for defining currencies).
  
  
  
  Review Exchange Rate Type:
  
  Ensure that the exchange rate type being used in the transaction is correctly set up and has the necessary rates maintained. You can check this in the same OB08 transaction.
  
  
  
  Consult Documentation:
  
  If you are unsure about the correct exchange rate type or how to maintain rates, refer to SAP documentation or consult with your SAP functional consultant.
  
  
  
  Related Information:
  
  Transaction Codes:
  
  OB08: Maintain Exchange Rates
  OB22: Define Currencies
  OBBS: Maintain Exchange Rate Types
  
  
  SAP Notes: Check for any relevant SAP Notes that may address specific issues related to currency conversion and exchange rates.
  User Authorization: Ensure that you have the necessary authorizations to maintain exchange rates in the system.
  
  By following these steps, you should be able to resolve the error message 8B542 and successfully perform the currency conversion.