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

FAA_MD024 - Overview

• 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,