How To Fix FV068 - Exchange rate not correct

SAP Error Message - Details

• Message type: E = Error

• Message class: FV - Electronic Banking Messages

• Message number: 068

• Message text: Exchange rate not correct

What causes this issue?

The exchange rate &V1& entered does not correspond to the exchange rate
&V2& entered when creating the list.

How to fix this error?

Leave the field blank or enter the value &V2&.
&NOTE&
If the list was not yet posted, you can change the exchange rate
entered during creation. To do this, got to the memo record entry
screen and select <LS>Goto -> Change control</>. Then save the list.

Error message extract from SAP system. Copyright SAP SE.

Smart SAP Assistant

• What is the cause and solution for SAP error message FV068 - Exchange rate not correct ?

  The SAP error message FV068, which states "Exchange rate not correct," typically occurs when there is an issue with the exchange rate used in a financial transaction. This error can arise in various scenarios, such as during the posting of foreign currency transactions, when performing currency conversions, or when executing financial reports that involve multiple currencies.
  Causes of FV068 Error
  
  
  Missing Exchange Rate: The exchange rate for the currency pair involved in the transaction may not be defined in the system for the relevant date.
  
  
  Incorrect Exchange Rate: The exchange rate defined may not be valid for the transaction date or may not meet the required precision.
  
  
  Exchange Rate Type: The exchange rate type being used may not be set up correctly or may not be appropriate for the transaction.
  
  
  Currency Configuration: There may be issues with the configuration of the currencies involved, such as missing or incorrect settings in the currency translation settings.
  
  
  Posting Date Issues: The posting date of the transaction may fall outside the valid range of exchange rates defined in the system.
  
  
  Solutions to FV068 Error
  
  
  Check Exchange Rates:
  
  Go to the transaction code OB08 to check the exchange rates defined in the system.
  Ensure that the exchange rate for the relevant currency pair and date is present and correct.
  
  
  
  Update Exchange Rates:
  
  If the exchange rate is missing or incorrect, update it using the same transaction code (OB08) or through the appropriate method for your organization (manual entry, upload, etc.).
  
  
  
  Verify Exchange Rate Type:
  
  Ensure that the correct exchange rate type is being used for the transaction. You can check this in the configuration settings or in the transaction itself.
  
  
  
  Check Posting Date:
  
  Verify that the posting date of the transaction is within the valid range of exchange rates. If necessary, adjust the posting date or add the required exchange rate for that date.
  
  
  
  Consult Configuration:
  
  If the issue persists, consult with your SAP configuration team to ensure that the currency settings and exchange rate types are correctly configured.
  
  
  
  Review Transaction Details:
  
  Double-check the details of the transaction being posted to ensure that all currency-related fields are correctly filled out.
  
  
  
  Related Information
  
  
  Transaction Codes:
  
  OB08: Maintain exchange rates.
  FB50: General ledger posting (for testing).
  FBL1N: Vendor line items (to check transactions).
  FBL3N: G/L account line items (to check transactions).
  
  
  
  Documentation: Refer to SAP Help documentation for detailed information on currency management and exchange rate configuration.
  
  
  SAP Notes: Check for any relevant SAP Notes that may address specific issues related to exchange rates and the FV068 error.
  
  
  By following these steps, you should be able to identify and resolve the FV068 error in SAP. If the problem persists, it may be beneficial to consult with your SAP support team or a consultant for further assistance.