How To Fix ACC_CUSTOMIZING003 - The exchange rate type is missing for curr. "&1" in the curr. trans. rule

SAP Error Message - Details

• Message type: E = Error

• Message class: ACC_CUSTOMIZING - Cross-Component Customizing Messages

• Message number: 003

• Message text: The exchange rate type is missing for curr. "&1" in the curr. trans. rule

What causes this issue?

In the setting for currency translation in accounting system &V2&
(document type &V3&), no exchange rate type has been specified for
currency "&V1&".

System Response

Processing is terminated.

How to fix this error?

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

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 ACC_CUSTOMIZING003 - The exchange rate type is missing for curr. "&1" in the curr. trans. rule ?

  The SAP error message ACC_CUSTOMIZING003 indicates that there is a missing exchange rate type for a specific currency in the currency translation rules. This error typically arises when the system is trying to perform a currency conversion, but it cannot find the necessary exchange rate type for the specified currency.
  Cause:
  
  Missing Exchange Rate Type: The exchange rate type for the specified currency is not defined in the system.
  Incorrect Configuration: The currency translation rules may not be properly configured in the system.
  Data Entry Error: There may be a typo or incorrect entry in the currency translation settings.
  
  Solution:
  To resolve this error, you can follow these steps:
  
  
  Check Exchange Rate Types:
  
  Go to the transaction code OB08 (Maintain Exchange Rates).
  Verify that the exchange rate type you are trying to use is defined for the currency in question.
  If it is missing, you will need to create or maintain the exchange rate for that currency.
  
  
  
  Maintain Currency Translation Rules:
  
  Use transaction code OBY6 (Define Currency Translation) to check the currency translation rules.
  Ensure that the exchange rate type is correctly assigned to the currency in the translation rules.
  
  
  
  Define Exchange Rate Type:
  
  If the exchange rate type does not exist, you can create it using transaction code OB07 (Define Exchange Rate Types).
  Make sure to define the necessary exchange rates for the currency in question.
  
  
  
  Check Configuration:
  
  Review the configuration settings related to currency translation and ensure that all necessary parameters are set correctly.
  
  
  
  Test the Configuration:
  
  After making the necessary changes, test the currency conversion process again to ensure that the error is resolved.
  
  
  
  Related Information:
  
  Exchange Rate Types: These are used to define how currency conversions are handled in SAP. Common types include "M" for average rates, "B" for bank buying rates, etc.
  Currency Translation: This is a process in SAP that allows for the conversion of amounts from one currency to another based on defined exchange rates.
  Transaction Codes:
  
  OB08: Maintain Exchange Rates
  OB07: Define Exchange Rate Types
  OBY6: Define Currency Translation
  
  
  
  By following these steps, you should be able to resolve the error message ACC_CUSTOMIZING003 and ensure that your currency translation rules are correctly configured.