How To Fix EI571 - Financial documents: exchange rate from & to & on date & not calculated!

SAP Error Message - Details

• Message type: E = Error

• Message class: EI - Foreign Trade: Gen. Output

• Message number: 571

• Message text: Financial documents: exchange rate from & to & on date & not calculated!

What causes this issue?

After you entered the number of the financial document or the
depreciation percentage rate, the system tried to calculate the
exchange rate between the financial document &V1& and the local
currency &V2& at &V3&.
The system could not calculate the <GL:exchange_rate>exchange rate</>.
INCLUDE 'NA_NO_PROCESSING_2' OBJECT DOKU ID TX LANGUAGE EN

System Response

The system does not allow the entry.

How to fix this error?

Check if a valid exchange rate exists for this currency on &V3&.
If not, define the relevant exchange rate in Customizing, if you are
authorized to do so.
<DS:TRAN.OB08>Define exchange rates</>

Error message extract from SAP system. Copyright SAP SE.

Smart SAP Assistant

• What is the cause and solution for SAP error message EI571 - Financial documents: exchange rate from & to & on date & not calculated! ?

  The SAP error message EI571 indicates that the system was unable to calculate the exchange rate for a financial document due to the absence of a valid exchange rate for the specified currency pair on the given date. This can occur in various financial transactions, such as when posting invoices, payments, or journal entries that involve foreign currencies.
  Cause:
  
  Missing Exchange Rate: The primary cause of this error is that there is no exchange rate defined in the system for the currency pair (from currency to to currency) on the specified date.
  Incorrect Date: The date for which the exchange rate is being requested may not be within the range of valid exchange rates defined in the system.
  Currency Configuration: The currencies involved may not be properly configured in the system, or the exchange rate type being used may not have rates defined.
  Exchange Rate Type: The exchange rate type used in the transaction may not have any rates defined for the specified date.
  
  Solution:
  
  
  Check Exchange Rates:
  
  Go to the transaction code OB08 (Maintain Exchange Rates) in SAP.
  Verify if there is an exchange rate defined for the currency pair on the specified date.
  If not, you can enter the missing exchange rate for the required date.
  
  
  
  Review Exchange Rate Type:
  
  Ensure that the correct exchange rate type is being used in the transaction. You can check this in the configuration settings or in the document itself.
  If necessary, add the required exchange rates for the correct exchange rate type.
  
  
  
  Adjust Date:
  
  If the date is incorrect, adjust the date in the transaction to a date for which an exchange rate is available.
  
  
  
  Currency Configuration:
  
  Ensure that both currencies involved in the transaction are properly configured in the system. Check if they are active and correctly set up in the currency settings.
  
  
  
  Consult Documentation:
  
  If you are unsure about the exchange rate types or how to maintain them, refer to SAP documentation or consult with your SAP administrator.
  
  
  
  Related Information:
  
  
  Transaction Codes:
  
  OB08: Maintain Exchange Rates
  OBBS: Display Exchange Rates
  OB07: Define Exchange Rate Types
  
  
  
  Exchange Rate Types: Different exchange rate types can be defined in SAP (e.g., M for average rate, B for bank buying rate). Ensure you are using the correct type for your transaction.
  
  
  Currency Configuration: Check the configuration of currencies in the system through transaction codes like OB22 (Define Currencies) to ensure they are set up correctly.
  
  
  By following these steps, you should be able to resolve the EI571 error and successfully process your financial documents in SAP.