How To Fix AP_COPY003 - Exchange rate type missing in plan or budget profile &1

SAP Error Message - Details

• Message type: E = Error

• Message class: AP_COPY - Copying Function for Plan/Budget

• Message number: 003

• Message text: Exchange rate type missing in plan or budget profile &1

What causes this issue?

You want to translate the currency for overall values (plan or budget).
The system needs the exchange rate type from plan profile or budget
profile &V1& for this. However, this profile does not contain an
exchange rate type.

System Response

The currency translation cannot be performed.

How to fix this error?

Enter an appropriate exchange rate type in plan profile or budget
profile &V1&.

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 AP_COPY003 - Exchange rate type missing in plan or budget profile &1 ?

  The SAP error message AP_COPY003, which states "Exchange rate type missing in plan or budget profile &1," typically occurs when there is an attempt to copy or transfer data related to planning or budgeting, and the specified exchange rate type is not defined in the relevant planning or budget profile.
  
  Cause:
  
  Missing Exchange Rate Type: The exchange rate type that is required for the planning or budgeting process is not defined in the specified profile.
  Incorrect Profile Configuration: The budget or planning profile may not be correctly configured to include the necessary exchange rate types.
  Data Entry Error: There may be a typographical error in the profile name or the exchange rate type being referenced.
  
  
  Solution:
  
  
  Check Profile Configuration:
  
  Go to the relevant configuration settings in SAP (Transaction Code: OX19 for defining exchange rate types).
  Verify that the exchange rate type is defined in the budget or planning profile specified in the error message.
  
  
  
  Define Exchange Rate Type:
  
  If the