How To Fix BK030 - Currency & cannot be translated to & for exchange rate type &

SAP Error Message - Details

• Message type: E = Error

• Message class: BK - Create, Display, Reverse Controlling Document

• Message number: 030

• Message text: Currency & cannot be translated to & for exchange rate type &

What causes this issue?

For exchange rate type &V3&:
Controlling area currency &V1& cannot be translated to cost center/
order currency &V2& (list screen).
Transaction currency &V1& cannot be translated to controlling area
currency &V2& (request screen or document number selection for cost
transfers).

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

RESET N1

How to fix this error?

Enter an exchange rate for &V1& to &V2& for exchange rate type &V3&, if
you require this type of currency conversion.
<DS:TRAN.OB08>Proceed</>
Check the entry made in the transaction currency field and correct any
error. You may need to change your user parameters for currency.

Error message extract from SAP system. Copyright SAP SE.

Smart SAP Assistant

• What is the cause and solution for SAP error message BK030 - Currency & cannot be translated to & for exchange rate type & ?

  The SAP error message BK030 indicates that there is an issue with currency translation for a specific exchange rate type. This error typically arises when the system cannot find a valid exchange rate for the specified currencies and exchange rate type in the system.
  Cause:
  
  Missing Exchange Rate: The most common cause is that there is no exchange rate defined for the specified currency pair and exchange rate type in the system.
  Incorrect Configuration: The exchange rate type may not be properly configured or may not be set up to handle the currencies involved.
  Date Issues: The exchange rate may not be valid for the date of the transaction. Exchange rates are often date-sensitive, and if the rate is not available for the transaction date, this error can occur.
  Currency Code Errors: There may be a typo or incorrect currency code being used in the transaction.
  
  Solution:
  
  Check Exchange Rates: Go to the transaction code OB08 (Maintain Exchange Rates) and verify if the exchange rate for the specified currency pair and exchange rate type exists. If it does not, you will need to enter the appropriate exchange rate.
  Verify Configuration: Ensure that the exchange rate type is correctly configured in the system. You can check this in the configuration settings under Financial Accounting (FI) > Financial Accounting Global Settings > Currencies > Define Exchange Rate Types.
  Check Transaction Date: Ensure that the transaction date falls within the range of valid exchange rates. If the rate is not valid for the transaction date, you may need to update the exchange rates or adjust the transaction date.
  Review Currency Codes: Double-check the currency codes being used in the transaction to ensure they are correct and match the codes defined in the system.
  
  Related Information:
  
  Transaction Codes: 
  
  OB08: Maintain Exchange Rates
  OBA1: Define Exchange Rate Types
  
  
  Documentation: Refer to SAP Help documentation for more details on currency translation and exchange rate maintenance.
  Support: If the issue persists after checking the above points, consider reaching out to your SAP support team or consulting the SAP community for further assistance.
  
  By following these steps, you should be able to resolve the BK030 error and ensure that currency translations are functioning correctly in your SAP system.