How To Fix FARR_CONTRACT_MAIN372 - Error retrieving date for fixed exchange rate with contract &1

SAP Error Message - Details

• Message type: E = Error

• Message class: FARR_CONTRACT_MAIN - Revenue Accounting: Contract Management

• Message number: 372

• Message text: Error retrieving date for fixed exchange rate with contract &1

Self-Explanatory Message

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Smart SAP Assistant

• What is the cause and solution for SAP error message FARR_CONTRACT_MAIN372 - Error retrieving date for fixed exchange rate with contract &1 ?

  The SAP error message FARR_CONTRACT_MAIN372 indicates that there is an issue with retrieving the date for a fixed exchange rate associated with a specific contract in the SAP system. This error typically arises in the context of financial contracts, particularly in the area of foreign currency transactions or financial instruments.
  Cause:
  
  
  Missing Exchange Rate Data: The error may occur if there is no exchange rate data available for the specified date in the system. This can happen if the exchange rates have not been maintained for the relevant currency pair.
  
  
  Incorrect Contract Configuration: The contract referenced by the error message may not be properly configured, or it may reference an invalid or non-existent exchange rate.
  
  
  Date Issues: The date being referenced may be outside the range of available exchange rates, or it may not be a valid date.
  
  
  System Configuration: There may be issues with the configuration of the currency translation settings in the SAP system.
  
  
  Solution:
  
  
  Check Exchange Rate Maintenance:
  
  Go to the transaction code OB08 (Maintain Exchange Rates) and verify that the exchange rates for the relevant currency pair are maintained for the date in question.
  If the rates are missing, you will need to enter the appropriate exchange rates.
  
  
  
  Review Contract Configuration:
  
  Check the contract referenced in the error message to ensure that it is correctly set up and that all necessary fields are filled out.
  Ensure that the contract is active and valid.
  
  
  
  Validate Dates:
  
  Ensure that the date being referenced is valid and falls within the range of available exchange rates.
  If necessary, adjust the date to a valid one.
  
  
  
  System Configuration:
  
  If the issue persists, review the configuration settings related to currency translation and exchange rates in the SAP system.
  Consult with your SAP Basis or configuration team to ensure that everything is set up correctly.
  
  
  
  Consult Documentation:
  
  Refer to SAP documentation or notes related to the FARR module for any specific guidance or known issues related to this error.
  
  
  
  Contact SAP Support:
  
  If you are unable to resolve the issue, consider reaching out to SAP support for further assistance, providing them with the error message and any relevant details.
  
  
  
  Related Information:
  
  Transaction Codes: Familiarize yourself with relevant transaction codes such as OB08 (Maintain Exchange Rates), FBL1N (Vendor Line Item Display), and FBL3N (G/L Account Line Item Display) for further investigation.
  SAP Notes: Check for any SAP Notes that may address this specific error or provide additional troubleshooting steps.
  User Forums: Engage with SAP community forums or user groups where similar issues may have been discussed.
  
  By following these steps, you should be able to identify and resolve the cause of the FARR_CONTRACT_MAIN372 error in your SAP system.