How To Fix BCA_CC004 - Exchange rate type 'M' is used

SAP Error Message - Details

• Message type: E = Error

• Message class: BCA_CC - Currency Swap Messages

• Message number: 004

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

Self-Explanatory Message

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Smart SAP Assistant

• What is the cause and solution for SAP error message BCA_CC004 - Exchange rate type 'M' is used ?

  The SAP error message BCA_CC004 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 area of currency conversion or financial transactions. This error can occur in various modules, including Financial Accounting (FI) or Controlling (CO).
  Cause:
  
  Exchange Rate Configuration: The exchange rate type 'M' may not be properly configured in the system. This could mean that the rates are missing for the relevant currency pair or that the rates are not maintained for the required date.
  Transaction Context: The transaction you are trying to execute 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).
  Currency Settings: The currencies involved in the transaction may not be set up correctly in the system, leading to issues when trying to apply the exchange rate.
  Posting Period: The posting period may be closed, and therefore, the system cannot access the exchange rates for that period.
  
  Solution:
  
  
  Check Exchange Rate Maintenance:
  
  Go to the transaction code OB08 to check the exchange rates for the currency pair you are working with. Ensure that the rates for the required date are maintained.
  If the rates are missing, you will need to enter them.
  
  
  
  Review Transaction Settings:
  
  Verify if the transaction you are executing allows the use of exchange rate type 'M'. If not, you may need to use a different exchange rate type that is supported.
  
  
  
  Currency Configuration:
  
  Ensure that the currencies involved in the transaction are correctly configured in the system. Check the settings in OB22 to see if the currency types are set up properly.
  
  
  
  Check Posting Period:
  
  Ensure that the posting period is open. You can check this in the transaction code OB52. If the period is closed, you may need to open it or use a different period.
  
  
  
  Consult Documentation:
  
  Review SAP documentation or consult with your SAP support team for specific guidance related to your configuration and the context of the error.
  
  
  
  Related Information:
  
  Exchange Rate Types: In SAP, different exchange rate types can be defined for various purposes. Common types include:
  
  'M' - Average Rate
  'B' - Bank Buying Rate
  'G' - Bank Selling Rate
  
  
  Transaction Codes:
  
  OB08: Maintain Exchange Rates
  OB22: Define Currency Types
  OB52: Open and Close Posting Periods
  
  
  SAP Notes: Check for any relevant SAP Notes that may address specific issues related to exchange rates and error messages.
  
  If the issue persists after following these steps, it may be beneficial to engage with your SAP support team or consult SAP's support portal for further assistance.