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