How To Fix FV216 - Calculated exchange rate & differs from current exchange rate & by &%

SAP Error Message - Details

• Message type: E = Error

• Message class: FV - Electronic Banking Messages

• Message number: 216

• Message text: Calculated exchange rate & differs from current exchange rate & by &%

Self-Explanatory Message

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Smart SAP Assistant

• What is the cause and solution for SAP error message FV216 - Calculated exchange rate & differs from current exchange rate & by &% ?

  The SAP error message FV216 indicates that there is a discrepancy between the calculated exchange rate and the current exchange rate in a financial transaction. This error typically arises during the posting of foreign currency transactions, where the system checks the exchange rate used for the transaction against the current exchange rate defined in the system.
  Cause:
  
  Exchange Rate Differences: The calculated exchange rate for the transaction does not match the current exchange rate in the system by a specified percentage. This can happen if the exchange rates have been updated after the transaction was created or if there are discrepancies in the exchange rate tables.
  Configuration Issues: Incorrect configuration of exchange rate types or the settings in the currency translation settings can lead to this error.
  Timing Issues: If the transaction is being processed at a time when the exchange rates are being updated or if there are delays in the updates being reflected in the system.
  Manual Entry Errors: If the exchange rate was manually entered and does not align with the system's current rates.
  
  Solution:
  
  Check Exchange Rates: Verify the exchange rates in the system. You can do this by navigating to the transaction code OB08 (Maintain Exchange Rates) and checking if the rates are correctly maintained for the relevant currency pair.
  Adjust Transaction: If the transaction is still in a draft or editable state, consider adjusting the exchange rate used in the transaction to match the current exchange rate.
  Review Configuration: Ensure that the exchange rate types and settings are correctly configured in the system. This includes checking the settings in the transaction OB22 (Define Exchange Rate Types).
  Repost Transaction: If the exchange rates have been updated, you may need to repost the transaction to reflect the correct rates.
  Consult Documentation: Review SAP documentation or consult with your SAP support team for any specific configurations or settings that may need to be adjusted.
  
  Related Information:
  
  Transaction Codes: 
  
  OB08: Maintain Exchange Rates
  OB22: Define Exchange Rate Types
  FB50: General Ledger Account Posting
  
  
  Exchange Rate Types: Understand the different types of exchange rates (e.g., average rate, spot rate) and how they are used in transactions.
  Currency Translation: Familiarize yourself with how currency translation works in SAP and the implications of using different exchange rates for financial reporting.
  SAP Notes: Check for any relevant SAP Notes that may address this specific error or provide additional guidance.
  
  If the issue persists after following these steps, it may be beneficial to engage with your SAP support team or consult SAP's support portal for further assistance.