How To Fix FTR_AVG004 - Exchange rate on & cannot be set

SAP Error Message - Details

• Message type: E = Error

• Message class: FTR_AVG - Messages for Managing Average Rates

• Message number: 004

• Message text: Exchange rate on & cannot be set

Self-Explanatory Message

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Smart SAP Assistant

• What is the cause and solution for SAP error message FTR_AVG004 - Exchange rate on & cannot be set ?

  The SAP error message FTR_AVG004 typically occurs in the context of financial transactions, particularly when dealing with foreign currency valuations or exchange rates in the SAP system. The error message indicates that the exchange rate for a specific date cannot be set, which can happen for several reasons.
  Causes:
  
  Missing Exchange Rate: The exchange rate for the specified currency pair on the given date is not maintained in the system.
  Incorrect Date: The date for which the exchange rate is being set may be outside the valid range of exchange rates maintained in the system.
  Currency Configuration: There may be issues with the configuration of the currencies involved, such as missing currency types or incorrect settings.
  Authorization Issues: The user may not have the necessary authorizations to set or change exchange rates.
  System Settings: There may be system settings or parameters that restrict the setting of exchange rates for certain transactions.
  
  Solutions:
  
  
  Maintain Exchange Rates:
  
  Go to the transaction code OB08 (or the relevant transaction for maintaining exchange rates).
  Check if the exchange rate for the specific currency pair and date is maintained. If not, add the required exchange rate.
  
  
  
  Check Date Validity:
  
  Ensure that the date you are trying to set the exchange rate for is within the range of valid exchange rates. If it is not, you may need to adjust the date or maintain the exchange rate for that date.
  
  
  
  Review Currency Configuration:
  
  Verify the configuration of the currencies involved. Ensure that the currency types are correctly set up in the system.
  
  
  
  User Authorizations:
  
  Check if the user has the necessary authorizations to maintain exchange rates. If not, contact your SAP security administrator to grant the required permissions.
  
  
  
  Consult System Settings:
  
  Review any system settings or parameters that may affect the ability to set exchange rates. This may involve consulting with your SAP Basis or configuration team.
  
  
  
  Related Information:
  
  Transaction Codes: Familiarize yourself with relevant transaction codes such as OB08 (Maintain Exchange Rates), FTR_EDIT (Edit Financial Transactions), and FTR_VAL (Valuate Financial Transactions).
  Documentation: Refer to SAP documentation or help files for detailed information on managing exchange rates and financial transactions.
  SAP Notes: Check for any relevant SAP Notes that may address specific issues related to this error message.
  
  If the problem persists after trying the above solutions, it may be beneficial to consult with your SAP support team or reach out to SAP support for further assistance.