How To Fix FTR_AVG003 - No average rate data was found

SAP Error Message - Details

• Message type: E = Error

• Message class: FTR_AVG - Messages for Managing Average Rates

• Message number: 003

• Message text: No average rate data was found

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 FTR_AVG003 - No average rate data was found ?

  The SAP error message FTR_AVG003: No average rate data was found typically occurs in the context of financial transactions, particularly when dealing with foreign currency valuations or when calculating average rates for financial instruments. This error indicates that the system could not find the necessary average rate data for the specified currency or time period.
  Causes:
  
  Missing Average Rate Data: The average rate data for the currency in question has not been maintained in the system.
  Incorrect Date Range: The date range specified for the transaction does not correspond to any existing average rate data.
  Currency Not Supported: The currency for which the average rate is being requested is not set up in the system.
  Configuration Issues: There may be configuration issues in the financial settings related to currency valuation or average rate maintenance.
  
  Solutions:
  
  
  Maintain Average Rate Data:
  
  Go to the transaction code OB08 (or the relevant transaction for maintaining exchange rates).
  Ensure that the average rates for the required currency and date range are correctly maintained.
  
  
  
  Check Date Range:
  
  Verify that the date range for the transaction aligns with the periods for which average rates are maintained.
  If necessary, adjust the date range in your transaction or maintain the average rates for the required period.
  
  
  
  Verify Currency Settings:
  
  Check if the currency in question is correctly set up in the system.
  Ensure that the currency is active and that there are no restrictions preventing its use.
  
  
  
  Review Configuration:
  
  Consult with your SAP configuration team to ensure that the settings for currency valuation and average rate calculations are correctly configured.
  Check if any recent changes were made to the configuration that might have affected the availability of average rates.
  
  
  
  Consult Documentation:
  
  Review SAP documentation or help resources for any specific notes or guidelines related to the error message FTR_AVG003.
  
  
  
  Related Information:
  
  Transaction Codes: Familiarize yourself with relevant transaction codes such as OB08 (for maintaining exchange rates), FTR_EDIT (for editing financial transactions), and others that may be pertinent to your specific scenario.
  SAP Notes: Check SAP Notes for any known issues or patches related to this error message. You can search for notes in the SAP Support Portal.
  User Roles and Authorizations: Ensure that the user has the necessary authorizations to view and maintain average rate data.
  
  If the issue persists after following these steps, it may be beneficial to consult with your SAP support team or a functional consultant who specializes in financial transactions and currency management.