How To Fix CRM_PRICING422 - Exchange rate determination failed for rate type &1; use rate type M

SAP Error Message - Details

• Message type: E = Error

• Message class: CRM_PRICING - Messages for the Pricing Set

• Message number: 422

• Message text: Exchange rate determination failed for rate type &1; use rate type M

Self-Explanatory Message

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• What is the cause and solution for SAP error message CRM_PRICING422 - Exchange rate determination failed for rate type &1; use rate type M ?

  The SAP error message CRM_PRICING422 indicates that there was a failure in determining the exchange rate for a specific rate type during pricing calculations in the SAP CRM system. The message suggests using rate type "M," which is typically the standard exchange rate type for currency conversions.
  
  Cause:
  
  Missing Exchange Rate: The exchange rate for the specified rate type (&1) is not maintained in the system for the relevant currency pair.
  Incorrect Configuration: The rate type specified may not be correctly configured in the system.
  Date Issues: The exchange rate may not be valid for the date of the transaction. Exchange rates are often time-sensitive and may not be available for past or future dates.
  Currency Pair: The currency pair involved in the transaction may not have a defined exchange rate for the specified rate type.
  
  
  Solution:
  
  
  Check Exchange Rate Maintenance:
  
  Go to transaction code OB08 (or the relevant transaction for maintaining exchange rates).
  Verify if the exchange rate