How To Fix E!002 - Exchange rate type & does not exist in system

E!002 - Overview

• Message type: E = Error

• Message class: E! -

• Message number: 002

• Message text: Exchange rate type & does not exist in system

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.

Unfortunately, there isn't any extra information in this error notice.

What else can you do?

First, use our AnswerBot below to get a possible cause and solution (requires a premium subscription).

Also, review the in-depth Common Questions & Answers listed below; you could discover a solution there or be able to connect with others who have faced similar challenges.

You can also try searching the SAP support portal (support.sap.com) but you need a special user ID to access it. It is possible that an SAP support note exists that provides additional details about the mistake or even steps for fixing it.

Smart SAP Assistant

• What is the cause and solution for SAP error message E!002 - Exchange rate type & does not exist in system ?

  The SAP error message E!002, which states "Exchange rate type & does not exist in system," typically occurs when the system is unable to find the specified exchange rate type in the configuration. This can happen in various scenarios, such as during currency conversion, financial postings, or when executing transactions that require currency exchange rates.
  
  Cause:
  
  Missing Exchange Rate Type: The specified exchange rate type has not been defined in the system.
  Incorrect Configuration: The exchange rate type may have been incorrectly configured or deleted.
  Authorization Issues: The user may not have the necessary authorizations to access the exchange rate type.
  Incorrect Transaction Code: The transaction being executed may not be set up to use the specified exchange rate type.
  
  
  Solution:
  
  
  Check Exchange Rate Types:
  
  Go to the transaction code OB08 (Maintain Exchange Rates).
  Verify if the exchange rate type in question exists. If it does not, you may need to create it or use a different one.
  
  
  
  Create or