How To Fix E!024 - No exchange rate exists for & & & &

SAP Error Message - Details

• Message type: E = Error

• Message class: E! -

• Message number: 024

• Message text: No exchange rate exists for & & & &

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 E!024 - No exchange rate exists for & & & & ?

  The SAP error message E!024 "No exchange rate exists for & & & &" typically occurs when a transaction involves currency conversion, and the system cannot find a valid exchange rate for the specified currencies and date. The placeholders (& & & &) usually represent the following:
  
  From Currency: The currency you are converting from.
  To Currency: The currency you are converting to.
  Exchange Rate Type: The type of exchange rate being used (e.g., M for the average rate).
  Date: The date for which the exchange rate is being requested.
  
  Causes
  
  Missing Exchange Rate: The most common cause is that there is no exchange rate defined in the system for the specified currencies and date.
  Incorrect Date: The date for which the exchange rate is being requested may not have a valid rate.
  Incorrect Currency Codes: The currency codes used in the transaction may be incorrect or not recognized by the system.
  Exchange Rate Type: The specified exchange rate type may not have been maintained for the given currencies.
  
  Solutions
  
  
  Maintain Exchange Rates:
  
  Go to the transaction code OB08 (or use the menu path: SAP Easy Access > Accounting > Financial Accounting > General Ledger > Master Data > Currencies > Maintain Exchange Rates).
  Enter the required currencies and the date, and maintain the exchange rate.
  
  
  
  Check Date:
  
  Ensure that the date for which you are trying to retrieve the exchange rate is correct and falls within the range of maintained rates.
  
  
  
  Verify Currency Codes:
  
  Double-check the currency codes used in the transaction to ensure they are correct and valid.
  
  
  
  Check Exchange Rate Type:
  
  Ensure that the exchange rate type you are using is correctly set up and has rates maintained for the currencies in question.
  
  
  
  Use a Different Exchange Rate Type:
  
  If applicable, try using a different exchange rate type that may have the required rates maintained.
  
  
  
  Related Information
  
  
  Transaction Codes:
  
  OB08: Maintain exchange rates.
  OBBS: Display exchange rates.
  OB07: Define exchange rate types.
  
  
  
  Documentation: Refer to SAP Help documentation for more details on currency management and exchange rate maintenance.
  
  
  User Authorization: Ensure that you have the necessary authorizations to maintain exchange rates in the system.
  
  
  By following these steps, you should be able to resolve the E!024 error and successfully process your transaction.