How To Fix BRAIN714 - No exchange rates maintained for ex. rate type &1 and target currency &2.

SAP Error Message - Details

• Message type: E = Error

• Message class: BRAIN -

• Message number: 714

• Message text: No exchange rates maintained for ex. rate type &1 and target currency &2.

Self-Explanatory Message

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• What is the cause and solution for SAP error message BRAIN714 - No exchange rates maintained for ex. rate type &1 and target currency &2. ?

  The SAP error message BRAIN714 indicates that there are no exchange rates maintained for a specific exchange rate type and target currency in the system. This error typically arises when you are trying to perform a transaction that requires currency conversion, but the necessary exchange rate data is missing.
  Cause:
  
  Missing Exchange Rates: The primary cause of this error is that the exchange rates for the specified exchange rate type (e.g., M for average rate, G for historical rate) and the target currency have not been maintained in the system.
  Incorrect Configuration: The exchange rate type or target currency may be incorrectly configured or specified in the transaction.
  Date Issues: The exchange rate may not be available for the date of the transaction. Exchange rates are often maintained for specific periods, and if the date falls outside of this range, the system will not find a valid rate.
  
  Solution:
  
  
  Maintain Exchange Rates:
  
  Go to the transaction code OB08 (or use the menu path: SAP Easy Access > Accounting > Financial Accounting > General Ledger > Master Data > Currencies > Maintain Exchange Rates).
  Enter the required exchange rate type and the target currency.
  Maintain the exchange rate for the relevant date or date range.
  Save your changes.
  
  
  
  Check Configuration:
  
  Ensure that the exchange rate type you are using is correctly configured in the system.
  Verify that the target currency is correctly specified in the transaction.
  
  
  
  Review Date Settings:
  
  Check the date of the transaction to ensure it falls within the range of maintained exchange rates.
  If necessary, update the exchange rates for the required date.
  
  
  
  Testing:
  
  After maintaining the exchange rates, re-run the transaction that generated the error to confirm that the issue has been resolved.
  
  
  
  Related Information:
  
  Exchange Rate Types: Different exchange rate types can be used for various purposes (e.g., M for average rates, G for historical rates). Make sure you are using the correct type for your transaction.
  Currency Configuration: Ensure that the currencies involved in the transaction are properly configured in the system.
  Transaction Codes: Familiarize yourself with relevant transaction codes such as OB08 (Maintain Exchange Rates) and OBA1 (Define Exchange Rate Types) for managing currency settings.
  
  If the problem persists after following these steps, it may be necessary to consult with your SAP support team or refer to SAP documentation for further troubleshooting.