How To Fix FAA_MD024 - Exchange rate is not found from &1 to &2 on the date &3

SAP Error Message - Details

• Message type: E = Error

• Message class: FAA_MD - Fixed Asset Master

• Message number: 024

• Message text: Exchange rate is not found from &1 to &2 on the date &3

Self-Explanatory Message

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Smart SAP Assistant

• What is the cause and solution for SAP error message FAA_MD024 - Exchange rate is not found from &1 to &2 on the date &3 ?

  The SAP error message FAA_MD024 indicates that the system could not find an exchange rate for a specific currency pair on a given date. This error typically arises in the context of financial transactions, particularly when dealing with foreign currency valuations or postings in Asset Accounting (FI-AA).
  Cause:
  
  Missing Exchange Rate: The primary cause of this error is that there is no exchange rate defined in the system for the specified currency pair (from &1 to &2) on the specified date (&3).
  Incorrect Date: The date provided may not fall within the range of valid exchange rates.
  Currency Configuration: The currencies involved may not be properly configured in the system.
  Exchange Rate Type: The exchange rate type being used may not have the required rates maintained.
  
  Solution:
  
  
  Maintain Exchange Rates:
  
  Go to the transaction code OB08 (Maintain Exchange Rates).
  Check if the exchange rate for the specified currency pair exists for the date in question.
  If it does not exist, you will need to enter the appropriate exchange rate for that date.
  
  
  
  Check Exchange Rate Type:
  
  Ensure that the correct exchange rate type is being used in your transaction. Different types may have different rates maintained.
  
  
  
  Verify Date Range:
  
  Ensure that the date you are using falls within the range of dates for which exchange rates are maintained.
  
  
  
  Currency Configuration:
  
  Check the configuration of the currencies involved to ensure they are set up correctly in the system.
  
  
  
  Consult with Finance Team:
  
  If you are unsure about the correct rates or configurations, consult with your finance or accounting team to ensure compliance with financial reporting standards.
  
  
  
  Related Information:
  
  
  Transaction Codes:
  
  OB08: Maintain Exchange Rates
  OBBS: Display Exchange Rates
  OBA1: Define Exchange Rate Types
  
  
  
  Documentation: Refer to SAP Help documentation for more details on managing exchange rates and currency settings.
  
  
  User Roles: 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 FAA_MD024 error and ensure that the necessary exchange rates are available for your financial transactions.