How To Fix /ATL/ASSET018 - USD exchange rate date & does not exist; create one

SAP Error Message - Details

• Message type: E = Error

• Message class: /ATL/ASSET -

• Message number: 018

• Message text: USD exchange rate date & does not exist; create one

Self-Explanatory Message

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Smart SAP Assistant

• What is the cause and solution for SAP error message /ATL/ASSET018 - USD exchange rate date & does not exist; create one ?

  The SAP error message /ATL/ASSET018 typically indicates that there is no exchange rate available for the specified currency and date in the system. This error often arises in the context of asset accounting, particularly when dealing with foreign currency transactions.
  Cause:
  
  Missing Exchange Rate: The primary cause of this error is that the system cannot find an exchange rate for the specified currency (in this case, USD) on the date you are trying to process.
  Incorrect Date: The date you are using may not be within the range of valid exchange rates that have been maintained in the system.
  Currency Configuration: The currency might not be properly configured in the system, or the exchange rate type being used may not have been set up correctly.
  
  Solution:
  To resolve this error, you can follow these steps:
  
  
  Check Existing Exchange Rates:
  
  Go to transaction code OB08 in SAP.
  Check if there is an exchange rate defined for USD on the date you are trying to process. If not, you will need to create one.
  
  
  
  Create Exchange Rate:
  
  In transaction OB08, you can enter the required exchange rate for USD for the specific date.
  Make sure to enter the correct exchange rate type (e.g., M for average rate, G for global, etc.) as per your business requirements.
  
  
  
  Verify Date Range:
  
  Ensure that the date you are using falls within the range of the exchange rates you have maintained. If you need to process transactions for a date outside the maintained range, you will need to add the necessary exchange rates.
  
  
  
  Check Configuration:
  
  Ensure that the currency and exchange rate type are correctly configured in your system. This can involve checking the settings in the Financial Accounting (FI) module.
  
  
  
  Consult Documentation:
  
  If you are unsure about the exchange rate types or how to maintain them, refer to SAP documentation or consult with your SAP functional consultant.
  
  
  
  Related Information:
  
  Transaction Codes:
  
  OB08: Maintain Exchange Rates
  OBBS: Display Exchange Rates
  
  
  Exchange Rate Types: Understand the different types of exchange rates (e.g., M, G) and their purposes.
  Currency Configuration: Familiarize yourself with how currencies are configured in SAP, including the settings in the Financial Accounting module.
  
  By following these steps, you should be able to resolve the /ATL/ASSET018 error and ensure that the necessary exchange rates are available for your transactions.