How To Fix FTI315 - Exchange rate type &3 is used for company code &1 and valuation area &2

SAP Error Message - Details

• Message type: E = Error

• Message class: FTI - Treasury Information System

• Message number: 315

• Message text: Exchange rate type &3 is used for company code &1 and valuation area &2

What causes this issue?

The system could not determine an exchange rate type for translating
from position currency to valuation currency for the company code and
valuation area displayed. So it uses the exchange rate type for
translating quotation currency to position currency.

System Response

The system issues an error message and will not allow you to continue with this transaction until the error is resolved.

How to fix this error?

Procedure for System Administrators

Error message extract from SAP system. Copyright SAP SE.

Smart SAP Assistant

• What is the cause and solution for SAP error message FTI315 - Exchange rate type &3 is used for company code &1 and valuation area &2 ?

  The SAP error message FTI315 indicates that there is an issue with the exchange rate type being used for a specific company code and valuation area. This error typically arises in the context of financial transactions, particularly when dealing with foreign currency valuations or postings.
  
  Cause:
  The error message FTI315 is triggered when:
  
  The exchange rate type specified in a transaction is not defined for the given company code and valuation area.
  The exchange rate type may not be maintained in the system for the specific combination of company code and valuation area.
  There may be a configuration issue in the settings related to currency translation or valuation.
  
  
  Solution:
  To resolve the FTI315 error, you can follow these steps:
  
  
  Check Exchange Rate Type Configuration:
  
  Go to the SAP transaction code OB08 to check the exchange rate types defined in the system.
  Ensure that the exchange rate type you are trying to use is maintained for the relevant company code and