How To Fix FTR_CMMF_EVAL253 - Exchange rate type is initial

SAP Error Message - Details

• Message type: E = Error

• Message class: FTR_CMMF_EVAL - Commodity Evaluation Messages

• Message number: 253

• Message text: Exchange rate type is initial

Self-Explanatory Message

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Smart SAP Assistant

• What is the cause and solution for SAP error message FTR_CMMF_EVAL253 - Exchange rate type is initial ?

  The SAP error message FTR_CMMF_EVAL253 with the description "Exchange rate type is initial" typically occurs in the context of financial transactions, particularly when dealing with foreign currency valuations or financial instruments. This error indicates that the system is unable to find a valid exchange rate type for the transaction being processed.
  Cause:
  
  Missing Exchange Rate Type: The exchange rate type has not been defined or is not specified in the relevant configuration or transaction.
  Incorrect Configuration: The exchange rate type may not be properly configured in the system settings.
  Transaction Data Issues: The transaction data being processed may not include the necessary information regarding the exchange rate type.
  Currency Settings: The currency settings for the transaction may not align with the expected configurations.
  
  Solution:
  
  
  Define Exchange Rate Type:
  
  Go to the transaction code OB08 to maintain exchange rates.
  Ensure that the required exchange rate type is defined and has valid rates for the currencies involved.
  
  
  
  Check Configuration:
  
  Verify the configuration settings for the financial instruments or transactions in question. Ensure that the exchange rate type is specified correctly in the relevant settings.
  Check the configuration in the Financial Accounting (FI) or Treasury Management (TRM) modules, depending on where the error occurs.
  
  
  
  Review Transaction Data:
  
  Inspect the transaction data to ensure that the exchange rate type is being passed correctly. If it is missing, you may need to update the transaction to include the appropriate exchange rate type.
  
  
  
  Consult Documentation:
  
  Review SAP documentation or help resources related to the specific module you are working with (e.g., Treasury Management) for additional guidance on exchange rate types.
  
  
  
  Testing:
  
  After making the necessary changes, test the transaction again to ensure that the error is resolved.
  
  
  
  Related Information:
  
  Exchange Rate Types: In SAP, exchange rate types are used to define how currency conversions are handled. Common types include "M" for average rates, "B" for bank rates, etc.
  Transaction Codes: Familiarize yourself with relevant transaction codes such as OB08 (Maintain Exchange Rates), OBA1 (Define Exchange Rate Types), and others that may be pertinent to your configuration.
  SAP Notes: Check for any SAP Notes related to this error message for additional troubleshooting steps or patches that may address the issue.
  
  If the problem persists after following these steps, it may be beneficial to consult with your SAP support team or a functional consultant who specializes in the relevant area.