How To Fix /CPD/PFP_MESSAGES258 - Maintain currency conversion rate for &1

SAP Error Message - Details

• Message type: E = Error

• Message class: /CPD/PFP_MESSAGES -

• Message number: 258

• Message text: Maintain currency conversion rate for &1

Self-Explanatory Message

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Smart SAP Assistant

• What is the cause and solution for SAP error message /CPD/PFP_MESSAGES258 - Maintain currency conversion rate for &1 ?

  The SAP error message /CPD/PFP_MESSAGES258 indicates that there is a missing currency conversion rate for a specific currency pair in the system. This error typically arises in scenarios where currency conversion is required, such as in financial reporting, planning, or when executing transactions that involve multiple currencies.
  Cause:
  The error occurs when:
  
  There is no defined exchange rate for the specified currency pair in the system.
  The exchange rate is not maintained for the relevant time period.
  The currency conversion settings are incomplete or incorrect.
  
  Solution:
  To resolve this error, you need to maintain the currency conversion rates in the SAP system. Here are the steps to do so:
  
  
  Access the Currency Exchange Rate Maintenance:
  
  Go to the transaction code OB08 (or use the menu path: Logistics > Financial Accounting > General Ledger > Master Records > G/L Account > Maintain G/L Account).
  
  
  
  Maintain Exchange Rates:
  
  In the exchange rate maintenance screen, you can enter the required currency pair (e.g., from currency to target currency).
  Specify the exchange rate and the validity period for which this rate should be applicable.
  
  
  
  Check Existing Rates:
  
  Ensure that there are existing rates for the currency pair you are trying to use. If not, you will need to create them.
  
  
  
  Save Changes:
  
  After entering the necessary information, save your changes.
  
  
  
  Test the Transaction:
  
  After maintaining the exchange rates, try to execute the transaction again to see if the error persists.
  
  
  
  Related Information:
  
  
  Transaction Codes:
  
  OB08: Maintain exchange rates.
  OBBS: Display exchange rates.
  
  
  
  Currency Types:
  
  Ensure you are aware of the different currency types (e.g., transaction currency, local currency, etc.) and how they relate to your financial processes.
  
  
  
  Exchange Rate Types:
  
  SAP allows for different exchange rate types (e.g., M for average rate, B for bank buying rate). Make sure you are using the correct type for your needs.
  
  
  
  Documentation:
  
  Refer to SAP Help documentation for detailed instructions on maintaining currency conversion rates and understanding the implications of currency settings in your financial processes.
  
  
  
  By following these steps, you should be able to resolve the error message and ensure that currency conversion rates are properly maintained in your SAP system.