How To Fix BCA_CC002 - Exchange rate type 'M' is used

SAP Error Message - Details

• Message type: E = Error

• Message class: BCA_CC - Currency Swap Messages

• Message number: 002

• Message text: Exchange rate type 'M' is used

What causes this issue?

No exchange rate type could be determined for bank area &1 and currency
&2. Exchange rate type 'M' is used instead.

System Response

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

How to fix this error?

You can maintain the exchange rate type for the currency swap in view
V_TBCA_IHCCC.

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 BCA_CC002 - Exchange rate type 'M' is used ?

  The SAP error message BCA_CC002 indicates that there is an issue related to the exchange rate type 'M' (which stands for "Average Rate") being used in a specific context, typically in the context of currency conversion or financial transactions. This error often arises in the context of bank accounting or when dealing with foreign currency transactions.
  Cause:
  
  Exchange Rate Type Configuration: The exchange rate type 'M' may not be properly configured in the system. This could be due to missing or incorrect exchange rate entries in the system for the relevant currency pair.
  Transaction Type: The transaction you are trying to process may not support the exchange rate type 'M', or it may require a different exchange rate type (e.g., 'B' for "Bank Buying Rate" or 'G' for "Bank Selling Rate").
  Date Issues: The exchange rate for the date of the transaction may not be available. If the system cannot find a valid exchange rate for the specified date, it will trigger this error.
  Currency Settings: The currencies involved in the transaction may not be set up correctly in the system, leading to issues with the exchange rate determination.
  
  Solution:
  
  
  Check Exchange Rate Configuration:
  
  Go to the transaction code OB08 to check the exchange rates for the currency pair you are working with. Ensure that there is a valid entry for the date of the transaction.
  If necessary, add or update the exchange rate for the relevant currency pair.
  
  
  
  Verify Transaction Type:
  
  Review the transaction type you are trying to process and ensure that it is compatible with the exchange rate type 'M'. If it requires a different exchange rate type, adjust your transaction accordingly.
  
  
  
  Check Date Validity:
  
  Ensure that the date of the transaction falls within the range of valid exchange rates. If the transaction date is in the past or future without a corresponding exchange rate, you will need to adjust the date or add the necessary exchange rates.
  
  
  
  Review Currency Settings:
  
  Check the currency settings in your SAP system to ensure that both the local and foreign currencies are correctly defined and active.
  
  
  
  Consult Documentation:
  
  If the issue persists, consult SAP documentation or reach out to your SAP support team for further assistance. They may provide insights specific to your configuration or version of SAP.
  
  
  
  Related Information:
  
  
  Transaction Codes: 
  
  OB08: Maintain exchange rates.
  FB01: Post document (to test if the error occurs during posting).
  FBL1N: Vendor line items (to check for related transactions).
  
  
  
  SAP Notes: Check for any relevant SAP Notes that may address this specific error or provide additional troubleshooting steps.
  
  
  User Roles: Ensure that you have the necessary authorizations to view and modify exchange rates in the system.
  
  
  By following these steps, you should be able to identify the root cause of the BCA_CC002 error and implement a solution to resolve it.