How To Fix AQ859 - Select a valid exchange rate type

SAP Error Message - Details

• Message type: E = Error

• Message class: AQ - Message texts for SAP Query

• Message number: 859

• Message text: Select a valid exchange rate type

Self-Explanatory Message

Since SAP believes that this specific error message is 'self-explanatory,' no more information has been given.The majority of messages in the SAP system have a message text, however this is frequently insufficient to comprehend or resolve the problem.

To make things easier, more detailed information is frequently added to describe the issue, how to fix it, and the necessary steps or configuration modifications.

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Smart SAP Assistant

• What is the cause and solution for SAP error message AQ859 - Select a valid exchange rate type ?

  The SAP error message AQ859, which states "Select a valid exchange rate type," typically occurs when a user attempts to perform a transaction that requires an exchange rate, but the system cannot find a valid exchange rate type for the specified conditions. This can happen in various contexts, such as during currency conversion, financial postings, or when dealing with foreign currency transactions.
  Causes:
  
  Missing Exchange Rate Type: The exchange rate type required for the transaction is not defined in the system.
  Incorrect Configuration: The exchange rate type may not be properly configured in the system settings.
  Date Issues: The date for which the exchange rate is being requested may not have a valid rate defined.
  Currency Pair Issues: The specific currency pair involved in the transaction may not have an exchange rate defined.
  User Authorization: The user may not have the necessary authorizations to access the required exchange rate type.
  
  Solutions:
  
  
  Check Exchange Rate Types:
  
  Go to the transaction code OB08 (Maintain Exchange Rates) and verify if the required exchange rate type is defined and has valid rates for the relevant currencies and dates.
  
  
  
  Define Exchange Rate Type:
  
  If the exchange rate type is missing, you can define it in the same transaction (OB08) by entering the necessary currency pairs and rates.
  
  
  
  Review Configuration:
  
  Check the configuration settings in SPRO (SAP Reference IMG) under Financial Accounting > Financial Accounting Global Settings > Currencies > Define Exchange Rate Types to ensure that the exchange rate type is correctly set up.
  
  
  
  Check Date Validity:
  
  Ensure that the date of the transaction falls within the range for which the exchange rate is defined. If necessary, update the exchange rates for the required date.
  
  
  
  User Authorizations:
  
  Verify that the user has the necessary authorizations to access and use the exchange rate type. This can be checked with the security team or through transaction SU53.
  
  
  
  Consult Documentation:
  
  Review SAP documentation or help resources for any specific requirements related to the exchange rate types in your version of SAP.
  
  
  
  Related Information:
  
  
  Transaction Codes:
  
  OB08: Maintain Exchange Rates
  SPRO: Access to configuration settings
  SU53: Check authorization issues
  
  
  
  Exchange Rate Types: Common exchange rate types include M (average rate), B (bank buying rate), and G (bank selling rate). Ensure that the correct type is being used for the transaction.
  
  
  SAP Notes: Check SAP Notes for any known issues or patches related to exchange rate types and the AQ859 error.
  
  
  By following these steps, you should be able to identify the cause of the AQ859 error and implement the necessary solutions to resolve it.