How To Fix FTR_MIR103 - 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: 103

• 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_MIR103 - Unable to determine the rate for currencies &1 &2 ?

  The SAP error message FTR_MIR103 ("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.
  Currency Configuration: The currencies involved may not be properly configured in the system, or they may not be set up for exchange rate determination.
  Exchange Rate Type: The exchange rate type being used may not have the required rates defined.
  Authorization Issues: There may be authorization issues preventing the system from accessing the exchange rate data.
  
  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 can add the required exchange rate.
  
  
  
  Verify Transaction Date:
  
  Ensure that the transaction date is 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 Currency Configuration:
  
  Check the configuration of the currencies involved in the transaction. Ensure that both currencies are correctly set up in the system.
  
  
  
  Check Exchange Rate Type:
  
  Ensure that the correct exchange rate type is being used in the transaction. You can check this in the configuration settings or in the transaction itself.
  
  
  
  Authorization Check:
  
  Ensure that you have the necessary authorizations to access exchange rate data. If you suspect authorization issues, consult with your SAP security team.
  
  
  
  Consult Documentation:
  
  Review SAP documentation or help resources for any additional insights or specific configurations related to your version of SAP.
  
  
  
  Related Information:
  
  
  Transaction Codes: 
  
  OB08: Maintain Exchange Rates
  OBBS: Display Exchange Rates
  FTR_CREATE: Create Financial Transaction (for context)
  
  
  
  SAP Notes: Check SAP Notes for any known issues or patches related to this error message.
  
  
  Support: If the issue persists after checking the above points, consider reaching out to your SAP support team or consulting the SAP Community for further assistance.
  
  
  By following these steps, you should be able to identify and resolve the cause of the FTR_MIR103 error in your SAP system.