How To Fix BRAIN703 - Please enter a valid exchange rate type.

SAP Error Message - Details

• Message type: E = Error

• Message class: BRAIN -

• Message number: 703

• Message text: Please enter 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.

Unfortunately, there isn't any extra information in this error notice.

What else can you do?

First, use our AnswerBot below to get a possible cause and solution (requires a premium subscription).

Also, review the in-depth Common Questions & Answers listed below; you could discover a solution there or be able to connect with others who have faced similar challenges.

You can also try searching the SAP support portal (support.sap.com) but you need a special user ID to access it. It is possible that an SAP support note exists that provides additional details about the mistake or even steps for fixing it.

Smart SAP Assistant

• What is the cause and solution for SAP error message BRAIN703 - Please enter a valid exchange rate type. ?

  The SAP error message BRAIN703, which states "Please enter a valid exchange rate type," typically occurs when a user attempts to perform a transaction that requires an exchange rate, but the specified exchange rate type is either missing, invalid, or not defined in the system.
  Causes:
  
  Missing Exchange Rate Type: The user did not enter an exchange rate type in the relevant field.
  Invalid Exchange Rate Type: The exchange rate type entered does not exist in the system or is not configured properly.
  Configuration Issues: The exchange rate type may not be defined in the currency settings or may not be active for the relevant transaction.
  User Authorization: The user may not have the necessary authorizations to access the exchange rate type.
  
  Solutions:
  
  Check Input: Ensure that you have entered a valid exchange rate type. Common exchange rate types include 'M' for average rate, 'B' for bank buying rate, etc.
  Configuration Check:
  
  Go to the transaction code OB08 to check the exchange rate types defined in the system.
  Ensure that the exchange rate type you are trying to use is listed and properly configured.
  
  
  Currency Settings: Verify that the exchange rate type is set up for the currencies involved in the transaction.
  User Authorization: Check if the user has the necessary permissions to access the exchange rate type. This may require coordination with your SAP security team.
  Consult Documentation: Refer to SAP documentation or help resources for more information on exchange rate types and their configurations.
  
  Related Information:
  
  Exchange Rate Types: These are defined in SAP to manage different types of currency conversions. Each type can have different rates based on the source (e.g., bank rates, average rates).
  Transaction Codes: Familiarize yourself with relevant transaction codes such as:
  
  OB08: Maintain exchange rates.
  OB07: Define exchange rate types.
  
  
  SAP Notes: Check SAP Notes for any known issues or patches related to this error message.
  
  If the issue persists after checking the above points, it may be beneficial to consult with your SAP support team or refer to SAP's support portal for further assistance.