How To Fix FMRP302 - Explicit Exchange Rate Requires Exactly One Transaction Currency(S. Docu)

SAP Error Message - Details

• Message type: E = Error

• Message class: FMRP - Message Class Information System

• Message number: 302

• Message text: Explicit Exchange Rate Requires Exactly One Transaction Currency(S. Docu)

Self-Explanatory Message

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• What is the cause and solution for SAP error message FMRP302 - Explicit Exchange Rate Requires Exactly One Transaction Currency(S. Docu) ?

  The SAP error message FMRP302 indicates that there is an issue with the exchange rate configuration in the context of financial transactions. Specifically, it states that an explicit exchange rate requires exactly one transaction currency. This error typically arises in the context of financial management and reporting, particularly when dealing with foreign currency transactions.
  Cause:
  The error occurs when:
  
  A transaction is being processed that involves multiple currencies, but the system expects only one transaction currency to be defined for the exchange rate.
  The configuration for the exchange rate is not set up correctly, leading to ambiguity in determining which currency should be used for the transaction.
  The transaction data may be incomplete or incorrectly entered, leading to multiple currencies being specified where only one is expected.
  
  Solution:
  To resolve the FMRP302 error, you can take the following steps:
  
  
  Check Transaction Currency:
  
  Ensure that the transaction you are processing has only one currency defined. If multiple currencies are specified, you need to correct this to have a single transaction currency.
  
  
  
  Review Exchange Rate Configuration:
  
  Go to the transaction where the error occurred and check the exchange rate settings. Make sure that the exchange rate type is correctly configured to handle the currencies involved in the transaction.
  
  
  
  Adjust Document Settings:
  
  If you are working with a document (like a journal entry or invoice), review the document settings to ensure that the currency fields are correctly populated.
  
  
  
  Consult SAP Documentation:
  
  Refer to the SAP documentation or help files related to currency management and exchange rates for specific guidance on how to configure and manage currencies in your system.
  
  
  
  Test with Different Data:
  
  If possible, try processing a similar transaction with different data to see if the error persists. This can help identify if the issue is with specific data entries.
  
  
  
  Contact SAP Support:
  
  If the issue cannot be resolved through the above steps, consider reaching out to SAP support for further assistance. They may provide insights based on the specific configuration of your SAP environment.
  
  
  
  Related Information:
  
  Transaction Codes: Familiarize yourself with relevant transaction codes such as OB08 (Maintain Exchange Rates) to check and maintain exchange rates.
  Currency Types: Understand the different currency types in SAP (e.g., local currency, document currency, and transaction currency) and how they interact.
  Configuration Settings: Review the configuration settings in the Financial Accounting (FI) module related to currency and exchange rates.
  
  By following these steps, you should be able to identify and resolve the cause of the FMRP302 error in your SAP system.