How To Fix FBICRC_MAIN024 - Enter the rate &3 for conversion from currency &1 to &2 on &4

SAP Error Message - Details

• Message type: E = Error

• Message class: FBICRC_MAIN - ICR: Main Message Class

• Message number: 024

• Message text: Enter the rate &3 for conversion from currency &1 to &2 on &4

What causes this issue?

For the conversion of an amount into another currency, an entry is
missing in the currency conversion table.

How to fix this error?

Run transaction <DS:TRAN.OB08>OB08</> and add the missing entry in the
currency conversion table.

Error message extract from SAP system. Copyright SAP SE.

Smart SAP Assistant

• What is the cause and solution for SAP error message FBICRC_MAIN024 - Enter the rate &3 for conversion from currency &1 to &2 on &4 ?

  The SAP error message FBICRC_MAIN024 typically occurs in the context of currency conversion in financial transactions. This error indicates that the system requires a specific exchange rate for converting amounts from one currency to another, but that rate has not been provided or is missing.
  Cause:
  
  Missing Exchange Rate: The primary cause of this error is that the exchange rate for the specified currencies (from currency &1 to currency &2) on the specified date (&4) is not available in the system.
  Incorrect Configuration: There may be an issue with the configuration of currency settings in the SAP system, such as missing or incorrect exchange rate types.
  Date Issues: The exchange rate may not be valid for the date specified, or the date may be outside the range of available rates.
  
  Solution:
  
  
  Check Exchange Rates:
  
  Go to the transaction code OB08 (Maintain Exchange Rates) in SAP.
  Verify if the exchange rate for the specified currencies and date exists. If it does not, you will need to enter the correct exchange rate.
  
  
  
  Enter Missing Rates:
  
  If the rate is missing, you can add it by selecting the appropriate currency pair and entering the exchange rate for the required date.
  
  
  
  Review Configuration:
  
  Ensure that the currency settings and exchange rate types are correctly configured in your SAP system. This can involve checking the settings in the Financial Accounting (FI) module.
  
  
  
  Check Date Validity:
  
  Make sure that the date for which you are trying to perform the conversion is within the range of valid exchange rates. If necessary, adjust the date or enter the required rates for that date.
  
  
  
  Consult Documentation:
  
  If you are unsure about the process, refer to SAP documentation or consult with your SAP administrator for guidance on maintaining exchange rates.
  
  
  
  Related Information:
  
  
  Transaction Codes: 
  
  OB08: To maintain exchange rates.
  FBICRC: Related to the Financial Accounting interface for currency conversion.
  
  
  
  Exchange Rate Types: Ensure that the correct exchange rate type is being used for the transaction. Different types may be configured for different purposes (e.g., average rate, spot rate).
  
  
  SAP Notes: Check for any relevant SAP Notes that may address specific issues or bugs related to currency conversion and exchange rates.
  
  
  By following these steps, you should be able to resolve the FBICRC_MAIN024 error and successfully perform the currency conversion in your SAP system.