How To Fix CTE_FND_EXR001 - Please set up the exchange rate export for system &1 first.

SAP Error Message - Details

• Message type: E = Error

• Message class: CTE_FND_EXR - Message class for Exchange Rate

• Message number: 001

• Message text: Please set up the exchange rate export for system &1 first.

Self-Explanatory Message

Since SAP believes that this specific error message is 'self-explanatory,' no more information has been given.The majority of messages in the SAP system have a message text, however this is frequently insufficient to comprehend or resolve the problem.

To make things easier, more detailed information is frequently added to describe the issue, how to fix it, and the necessary steps or configuration modifications.

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Smart SAP Assistant

• What is the cause and solution for SAP error message CTE_FND_EXR001 - Please set up the exchange rate export for system &1 first. ?

  The SAP error message CTE_FND_EXR001 indicates that the system requires the setup of exchange rate export for a specific system before proceeding with certain operations. This error typically arises in the context of currency conversion or financial transactions where exchange rates are necessary.
  Cause:
  The error occurs when:
  
  The exchange rate export configuration has not been set up for the specified system (denoted as &1 in the error message).
  The system is trying to perform a transaction that requires exchange rate information, but it cannot find the necessary configuration.
  
  Solution:
  To resolve this error, you need to set up the exchange rate export for the specified system. Here are the steps to do this:
  
  
  Access the Configuration:
  
  Go to the SAP Easy Access screen.
  Navigate to the relevant configuration area for exchange rates. This is usually found under:
  
  SPRO ? SAP Reference IMG ? Financial Accounting ? Financial Accounting Global Settings ? Currencies ? Define Exchange Rate Types.
  
  
  
  
  
  Define Exchange Rate Types:
  
  Ensure that the necessary exchange rate types are defined in the system.
  You may need to create or modify existing exchange rate types based on your business requirements.
  
  
  
  Set Up Exchange Rate Export:
  
  Look for the option to set up exchange rate export. This may involve specifying the source of the exchange rates (e.g., a third-party service or internal calculation).
  Ensure that the system is configured to pull exchange rates from the correct source.
  
  
  
  Check Exchange Rate Validity:
  
  Verify that the exchange rates are valid and up-to-date. You can do this by checking the exchange rate tables in SAP (e.g., TCURR).
  
  
  
  Testing:
  
  After making the necessary configurations, perform a test transaction that previously resulted in the error to ensure that the issue is resolved.
  
  
  
  Consult Documentation:
  
  If you are unsure about the specific settings, refer to SAP documentation or consult with your SAP Basis or Financial team for guidance.
  
  
  
  Related Information:
  
  
  Transaction Codes: You may find it useful to know relevant transaction codes such as:
  
  OB08: Maintain exchange rates.
  OB22: Define exchange rate types.
  
  
  
  SAP Notes: Check for any SAP Notes related to exchange rate configuration or the specific error message for additional guidance or patches.
  
  
  User Roles: Ensure that you have the necessary authorizations to make changes to the exchange rate configuration.
  
  
  By following these steps, you should be able to resolve the CTE_FND_EXR001 error and successfully set up the exchange rate export for your SAP system.