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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Smart SAP Assistant

• 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 for the specified rate type (&1) is maintained for the relevant currency pair.
  If not, maintain the necessary exchange rates.
  
  
  
  Use Rate Type M:
  
  If the system suggests using rate type "M," you can either change the configuration to use rate type "M" or manually adjust the pricing procedure to use this rate type if applicable.
  
  
  
  Review Configuration:
  
  Check the configuration settings for pricing in the SAP system to ensure that the rate types are correctly set up.
  Ensure that the pricing procedure is correctly configured to use the appropriate rate types.
  
  
  
  Check Validity Dates:
  
  Ensure that the exchange rates are valid for the date of the transaction. If the transaction date is outside the range of valid exchange rates, you may need to adjust the date or maintain the necessary rates.
  
  
  
  Consult Documentation:
  
  Review SAP documentation or consult with your SAP Basis or functional team for any specific configurations or settings that may need to be adjusted.
  
  
  
  Related Information:
  
  Exchange Rate Types: In SAP, different exchange rate types can be defined for various purposes (e.g., M for average rate, B for bank buying rate, etc.). Understanding these types is crucial for proper configuration.
  Pricing Procedure: The pricing procedure in SAP determines how prices are calculated, including the use of exchange rates. Ensure that the pricing procedure is correctly set up to handle currency conversions.
  Transaction Codes: Familiarize yourself with relevant transaction codes such as OB08 (Maintain Exchange Rates), V/08 (Maintain Pricing Procedures), and others that may help in troubleshooting.
  
  By following these steps, you should be able to resolve the CRM_PRICING422 error and ensure that exchange rates are correctly determined for your pricing calculations.