How To Fix FTR_AVG002 - Exchange rate &1/&2 on &3: Indirect quotation is not valid

SAP Error Message - Details

• Message type: E = Error

• Message class: FTR_AVG - Messages for Managing Average Rates

• Message number: 002

• Message text: Exchange rate &1/&2 on &3: Indirect quotation is not valid

Self-Explanatory Message

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Smart SAP Assistant

• What is the cause and solution for SAP error message FTR_AVG002 - Exchange rate &1/&2 on &3: Indirect quotation is not valid ?

  The SAP error message FTR_AVG002 indicates that there is an issue with the exchange rate configuration, specifically related to the use of indirect quotations in foreign currency transactions. This error typically arises when the system encounters an exchange rate that is not valid for the specified currency pair and date.
  Cause:
  
  Indirect Quotation Not Supported: The error suggests that the exchange rate for the specified currency pair is set up as an indirect quotation, which is not valid in the context of the transaction being processed.
  Missing Exchange Rate: The exchange rate for the specified currencies may not be maintained in the system for the relevant date.
  Incorrect Currency Pair: The currency pair specified in the transaction may not be correctly configured in the system.
  Configuration Issues: There may be issues with the configuration of the currency types or the settings for exchange rate types in the system.
  
  Solution:
  
  
  Check Exchange Rate Configuration:
  
  Go to the transaction code OB08 to check the exchange rates maintained in the system.
  Ensure that the exchange rate for the specified currency pair (e.g., from currency &1 to currency &2) is correctly maintained for the relevant date.
  
  
  
  Review Currency Pair:
  
  Verify that the currency pair used in the transaction is valid and correctly configured in the system.
  Ensure that the transaction is using the correct currency type (e.g., spot rate, forward rate).
  
  
  
  Adjust Indirect Quotation Settings:
  
  If the system is set to use indirect quotations, ensure that the necessary configurations are in place to support this. You may need to consult with your SAP configuration team to adjust the settings.
  
  
  
  Use Direct Quotation:
  
  If indirect quotation is not required, consider using direct quotation for the currency pair in question.
  
  
  
  Consult Documentation:
  
  Review SAP documentation or help resources for further details on handling exchange rates and currency configurations.
  
  
  
  Contact SAP Support:
  
  If the issue persists after checking the above points, consider reaching out to SAP support for further assistance.
  
  
  
  Related Information:
  
  Transaction Codes: 
  
  OB08: Maintain exchange rates.
  OB22: Define currency types.
  
  
  Exchange Rate Types: Ensure that the correct exchange rate type is being used in the transaction.
  Currency Configuration: Review the configuration settings for currencies in the SAP system to ensure they align with business requirements.
  
  By following these steps, you should be able to resolve the FTR_AVG002 error and ensure that your exchange rate configurations are correct.