How To Fix F5718 - Conversion factors for rate type & currency & -> & deviates from type "M"

SAP Error Message - Details

• Message type: E = Error

• Message class: F5 - Document Editing

• Message number: 718

• Message text: Conversion factors for rate type & currency & -> & deviates from type "M"

What causes this issue?

The amounts for documents in foreign currency should be translated
using exchange rate type &V1& rather than the average rate (exchange
rate type M). The latter option is only possible if the translation
ratios between the currencies in question (&V2& and &V3&) are identical
for both exchange rate type M and exchange rate type &V1&.
Exchange rate type &V1& was determined either from the document type or
specified as a parameter, when the error occurred in the payment
program.

System Response

The document is rejected for posting.

How to fix this error?

If you want to post the document using exchange rate type &V1&, change
the exchange rate ratios for all the relevant currency keys to match the
ratios for exchange rate type M.

Error message extract from SAP system. Copyright SAP SE.

Smart SAP Assistant

• What is the cause and solution for SAP error message F5718 - Conversion factors for rate type & currency & -> & deviates from type "M" ?

  The SAP error message F5718 indicates that there is an issue with the conversion factors for a specific rate type and currency. This error typically arises in the context of foreign currency valuation or when dealing with exchange rates in financial transactions. The message suggests that the conversion factors deviate from what is expected for a specific type, which is usually "M" for monthly rates.
  
  Cause:
  
  Incorrect Configuration: The conversion factors for the specified rate type and currency may not be set up correctly in the system.
  Missing Exchange Rates: There may be missing exchange rates for the specified currency and rate type.
  Data Entry Errors: There could be manual entry errors in the exchange rate table.
  Inconsistent Rate Types: The system may be expecting a specific type of rate (like "M" for monthly) but is receiving a different type.
  
  
  Solution:
  
  
  Check Exchange Rate Configuration:
  
  Go to the transaction code OB08 (Maintain Exchange Rates) and verify that the