How To Fix FTR_MIR102 - Unable to determine the rate for currencies &1 &2

SAP Error Message - Details

• Message type: E = Error

• Message class: FTR_MIR - Messages for Mirror Transactions

• Message number: 102

• Message text: Unable to determine the rate for currencies &1 &2

What causes this issue?

The system cannot determine the rate because no margin calculation is
possible for the currency pair &V1& &V2&.

How to fix this error?

Inform your business partner.

Error message extract from SAP system. Copyright SAP SE.

Smart SAP Assistant

• What is the cause and solution for SAP error message FTR_MIR102 - Unable to determine the rate for currencies &1 &2 ?

  The SAP error message FTR_MIR102 ("Unable to determine the rate for currencies &1 &2") typically occurs in the context of financial transactions, particularly when dealing with foreign currency valuations or transactions in the SAP system. This error indicates that the system is unable to find a valid exchange rate for the specified currencies.
  Causes:
  
  Missing Exchange Rate: The most common cause is that there is no exchange rate defined in the system for the specified currency pair (e.g., USD to EUR).
  Incorrect Date: The exchange rate may not be available for the date of the transaction. Exchange rates are often defined for specific periods, and if the transaction date falls outside of this range, the system will not find a valid rate.
  Configuration Issues: There may be issues with the configuration of the currency types or the exchange rate types in the system.
  Currency Type: The currency type used in the transaction may not be set up correctly in the system.
  Data Entry Errors: There could be a typo or error in the currency codes being used.
  
  Solutions:
  
  
  Check Exchange Rates:
  
  Go to the transaction code OB08 (Maintain Exchange Rates) and verify if the exchange rate for the specified currency pair exists for the relevant date.
  If it does not exist, you will need to enter the appropriate exchange rate.
  
  
  
  Verify Transaction Date:
  
  Ensure that the transaction date falls within the range for which the exchange rate is defined. If necessary, adjust the transaction date or add the required exchange rate for that date.
  
  
  
  Review Configuration:
  
  Check the configuration settings for currency types and exchange rate types in the system. Ensure that they are set up correctly and that the necessary currencies are included.
  
  
  
  Check Currency Type:
  
  Ensure that the currency type used in the transaction is correctly configured and that it corresponds to the expected currency types in the system.
  
  
  
  Data Entry:
  
  Double-check the currency codes entered in the transaction for any typos or errors.
  
  
  
  Consult Documentation:
  
  If the issue persists, consult SAP documentation or reach out to your SAP support team for further assistance.
  
  
  
  Related Information:
  
  Transaction Codes: 
  
  OB08: Maintain Exchange Rates
  FTR_CREATE: Create Financial Transaction
  FTR_DISPLAY: Display Financial Transaction
  
  
  SAP Notes: Check for any relevant SAP Notes that may address this specific error or provide additional troubleshooting steps.
  User Roles: Ensure that the user has the necessary permissions to view and maintain exchange rates.
  
  By following these steps, you should be able to resolve the FTR_MIR102 error and successfully process your financial transactions involving foreign currencies.