How To Fix FTR_FAC_REP004 - Rate cannot be determined

SAP Error Message - Details

• Message type: E = Error

• Message class: FTR_FAC_REP - Treasury: FAC Reports

• Message number: 004

• Message text: Rate cannot be determined

Self-Explanatory Message

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Smart SAP Assistant

• What is the cause and solution for SAP error message FTR_FAC_REP004 - Rate cannot be determined ?

  The SAP error message FTR_FAC_REP004: Rate cannot be determined 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 determine the exchange rate needed for a transaction or valuation.
  Causes:
  
  Missing Exchange Rate: The exchange rate for the currency pair involved in the transaction may not be maintained in the system.
  Invalid Currency Pair: The currency pair used in the transaction may not be valid or recognized by the system.
  Date Issues: The exchange rate may not be available for the specific date of the transaction. Exchange rates are often maintained for specific periods, and if the date falls outside of this range, the rate cannot be determined.
  Configuration Issues: There may be configuration issues in the financial settings related to currency translation or valuation.
  Master Data Issues: The master data for the financial instruments or accounts involved may not be correctly set up.
  
  Solutions:
  
  
  Check Exchange Rates:
  
  Go to the transaction code OB08 to check if the exchange rates for the relevant currency pair are maintained.
  If not, you can enter the required exchange rates for the relevant date.
  
  
  
  Validate Currency Pair:
  
  Ensure that the currency pair used in the transaction is valid and correctly configured in the system.
  
  
  
  Review Transaction Date:
  
  Verify that the transaction date falls within the range of dates for which the exchange rate is maintained.
  
  
  
  Configuration Review:
  
  Check the configuration settings related to currency translation and valuation in the Financial Accounting (FI) module to ensure they are set up correctly.
  
  
  
  Master Data Check:
  
  Review the master data for the financial instruments or accounts involved to ensure they are correctly configured and active.
  
  
  
  Consult Documentation:
  
  Refer to SAP documentation or help resources for specific guidance related to your version of SAP and the context in which the error occurs.
  
  
  
  Related Information:
  
  Transaction Codes: Familiarize yourself with relevant transaction codes such as OB08 (Maintain Exchange Rates), FTR_EDIT (Edit Financial Transaction), and FTR_LIST (List Financial Transactions).
  SAP Notes: Check SAP Notes for any known issues or patches related to this error message.
  User Roles: Ensure that the user has the necessary authorizations to view and maintain exchange rates and financial transactions.
  
  If the issue persists after checking these areas, it may be beneficial to consult with your SAP support team or a functional consultant who specializes in financial transactions and currency management.