How To Fix FARR_RAI844 - Exchange rate is missing for at least one local currency of main item &1

FARR_RAI844 - Overview

• Message type: E = Error

• Message class: FARR_RAI - Revenue Accounting Item

• Message number: 844

• Message text: Exchange rate is missing for at least one local currency of main item &1

Self-Explanatory Message

Since SAP believes that this specific error message is 'self-explanatory,' no more information has been given.The majority of messages in the SAP system have a message text, however this is frequently insufficient to comprehend or resolve the problem.

To make things easier, more detailed information is frequently added to describe the issue, how to fix it, and the necessary steps or configuration modifications.

Unfortunately, there isn't any extra information in this error notice.

What else can you do?

First, use our AnswerBot below to get a possible cause and solution (requires a premium subscription).

Also, review the in-depth Common Questions & Answers listed below; you could discover a solution there or be able to connect with others who have faced similar challenges.

You can also try searching the SAP support portal (support.sap.com) but you need a special user ID to access it. It is possible that an SAP support note exists that provides additional details about the mistake or even steps for fixing it.

Smart SAP Assistant

• What is the cause and solution for SAP error message FARR_RAI844 - Exchange rate is missing for at least one local currency of main item &1 ?

  The SAP error message FARR_RAI844 indicates that there is a missing exchange rate for at least one local currency of the main item in the context of financial transactions, particularly in Asset Accounting (FI-AA) or related modules. This error typically arises when you are trying to process transactions that involve currency conversion, and the system cannot find the necessary exchange rate for the specified local currency.
  
  Cause:
  
  Missing Exchange Rate: The primary cause of this error is that the exchange rate for the local currency in question has not been maintained in the system.
  Incorrect Configuration: There may be issues with the configuration of currency types or the settings in the currency translation.
  Date Issues: The exchange rate might not be available for the specific date of the transaction.
  Currency Type: The currency type used in the transaction may not have a corresponding exchange rate defined.
  
  
  Solution:
  
  
  Maintain Exchange Rates:
  
  Go to the transaction code OB08 (Maintain Exchange