How To Fix FINS_GEN_UTILS000 - Entry for exchange rate is invalid (allowed prefix is "&1")

SAP Error Message - Details

• Message type: E = Error

• Message class: FINS_GEN_UTILS - FINS General Utilities

• Message number: 000

• Message text: Entry for exchange rate is invalid (allowed prefix is "&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.

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Smart SAP Assistant

• What is the cause and solution for SAP error message FINS_GEN_UTILS000 - Entry for exchange rate is invalid (allowed prefix is "&1") ?

  The SAP error message FINS_GEN_UTILS000 with the description "Entry for exchange rate is invalid (allowed prefix is '&1')" typically occurs when there is an issue with the exchange rate configuration in the system. This error indicates that the exchange rate entry you are trying to use does not match the expected format or is not valid for the specified currency pair.
  Causes:
  
  Invalid Currency Pair: The currency pair you are trying to use may not be defined in the system.
  Missing Exchange Rate: There may not be an exchange rate defined for the specific date or period you are trying to process.
  Incorrect Prefix: The prefix mentioned in the error message (e.g., "USD", "EUR") indicates the expected currency prefix, and if your entry does not match this, it will trigger the error.
  Configuration Issues: There may be issues with the configuration of the exchange rate types or the settings in the currency translation.
  
  Solutions:
  
  
  Check Currency Pair: Verify that the currency pair you are using is valid and exists in the system. You can do this by navigating to the transaction code OB08 (Maintain Exchange Rates) and checking if the required exchange rate is defined.
  
  
  Define Missing Exchange Rates: If the exchange rate for the required currency pair is missing, you will need to enter it. Ensure that you enter the correct date and rate.
  
  
  Review Exchange Rate Type: Ensure that the exchange rate type you are using is correctly configured. You can check this in the transaction code OB07 (Define Exchange Rate Types).
  
  
  Check Date Validity: Ensure that the exchange rate you are trying to use is valid for the date of the transaction. Exchange rates can change daily, and you need to ensure that the rate is active for the date in question.
  
  
  Consult Documentation: If you are unsure about the configuration or the expected prefixes, consult the SAP documentation or your internal SAP support team for guidance.
  
  
  Testing: After making any changes, test the transaction again to see if the error persists.
  
  
  Related Information:
  
  
  Transaction Codes:
  
  OB08: Maintain Exchange Rates
  OB07: Define Exchange Rate Types
  OB22: Define Exchange Rate Types for Foreign Currency Valuation
  
  
  
  SAP Notes: Check for any relevant SAP Notes that may address specific issues related to exchange rates and this error message.
  
  
  User Authorization: Ensure that you have the necessary authorizations to view and modify exchange rate settings.
  
  
  By following these steps, you should be able to resolve the error message and ensure that your exchange rate entries are valid.