How To Fix FMEFESOA008 - Exchange rate quoted currency has to correspond with local currency

FMEFESOA008 - Overview

• Message type: E = Error

• Message class: FMEFESOA -

• Message number: 008

• Message text: Exchange rate quoted currency has to correspond with local currency

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.

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Smart SAP Assistant

• What is the cause and solution for SAP error message FMEFESOA008 - Exchange rate quoted currency has to correspond with local currency ?

  The SAP error message FMEFESOA008 indicates that there is a mismatch between the exchange rate quoted currency and the local currency in a financial transaction. This error typically occurs in the context of foreign currency transactions, where the system expects the exchange rate to be defined for the local currency being used in the transaction.
  
  Cause:
  
  Currency Mismatch: The exchange rate being used does not correspond to the local currency defined in the transaction. For example, if the local currency is USD, the exchange rate should be quoted in USD.
  Missing Exchange Rate: There may not be an exchange rate defined for the combination of the local currency and the quoted currency.
  Incorrect Configuration: The configuration settings in the SAP system for currency conversion may not be set up correctly.
  
  
  Solution:
  
  
  Check Currency Settings:
  
  Verify the local currency defined in the transaction.
  Ensure that the exchange rate is set up correctly for the local currency and the quoted