How To Fix CK323 - There is no exchange rate for exchange rate type & on &: &

SAP Error Message - Details

• Message type: E = Error

• Message class: CK - Product Costing Messages

• Message number: 323

• Message text: There is no exchange rate for exchange rate type & on &: &

What causes this issue?

During valuation, the system discovered that there is no exchange rate
for &V3& for exchange rate type &V1& on valuation date &V2&.

System Response

The transaction is cancelled.

How to fix this error?

The exchange rate type is kept in the <DS:GLOS.plan_version>plan
version</> in cost center accounting. The plan version is assigned to
the <DS:GLOS.valuation_variant>valuation variant</> in Customizing for
Product Cost Controlling.
Check the plan version in controlling area &V4&, or maintain the
exchange rate for exchange rate type &V1&.

Error message extract from SAP system. Copyright SAP SE.

Smart SAP Assistant

• What is the cause and solution for SAP error message CK323 - There is no exchange rate for exchange rate type & on &: & ?

  The SAP error message CK323 indicates that there is no exchange rate available for the specified exchange rate type on the given date. This error typically occurs in the context of financial transactions, particularly when dealing with foreign currency valuations or conversions in the Controlling (CO) module.
  Cause:
  
  Missing Exchange Rate: The primary cause of this error is that the exchange rate for the specified exchange rate type (e.g., M for average rate, G for historical rate) is not maintained in the system for the date in question.
  Incorrect Date: The date being referenced may not have an exchange rate defined, or it may be outside the range of available rates.
  Incorrect Exchange Rate Type: The exchange rate type specified in the transaction may not be the one that has been set up in the system.
  Configuration Issues: There may be issues with the configuration of the currency settings in the system.
  
  Solution:
  
  
  Maintain Exchange Rates:
  
  Go to the transaction code OB08 (or use the menu path: Logistics > Financials > Financial Accounting > General Ledger > Master Data > Currencies > Maintain Exchange Rates).
  Check if the exchange rate for the specified exchange rate type and date exists. If not, you will need to enter the appropriate exchange rate.
  
  
  
  Verify Date:
  
  Ensure that the date you are using in your transaction is correct and falls within the range of dates for which exchange rates are maintained.
  
  
  
  Check Exchange Rate Type:
  
  Confirm that the exchange rate type being used in the transaction is correct and that it has been configured properly in the system.
  
  
  
  Review Configuration:
  
  If you have access, review the configuration settings related to currency and exchange rates in the SAP system to ensure everything is set up correctly.
  
  
  
  Consult Documentation:
  
  If you are unsure about the exchange rate types or how to maintain them, refer to SAP documentation or consult with your SAP functional consultant.
  
  
  
  Related Information:
  
  
  Transaction Codes: 
  
  OB08: Maintain exchange rates.
  CKM3N: Display material price analysis (to check for currency issues).
  
  
  
  Exchange Rate Types: Common exchange rate types include:
  
  M: Average rate
  G: Historical rate
  B: Bank buying rate
  S: Bank selling rate
  
  
  
  Currency Configuration: Ensure that the currencies involved in the transaction are properly configured in the system.
  
  
  By following these steps, you should be able to resolve the CK323 error and ensure that the necessary exchange rates are available for your transactions.