How To Fix FVC_PRC_DETN018 - Currency Key/Exchange Rate Type cannot be determined by currency type &1

SAP Error Message - Details

• Message type: E = Error

• Message class: FVC_PRC_DETN - Transfer Price Calculator Message Class

• Message number: 018

• Message text: Currency Key/Exchange Rate Type cannot be determined by currency type &1

Self-Explanatory Message

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Smart SAP Assistant

• What is the cause and solution for SAP error message FVC_PRC_DETN018 - Currency Key/Exchange Rate Type cannot be determined by currency type &1 ?

  The SAP error message FVC_PRC_DETN018 indicates that the system is unable to determine the currency key or exchange rate type based on the specified currency type. This typically occurs in financial transactions or when dealing with currency conversions in SAP.
  Cause:
  
  Missing Configuration: The error often arises when the necessary configuration for currency types or exchange rate types is not set up in the system.
  Incorrect Currency Type: The currency type being used may not be defined in the system, or it may not have a corresponding exchange rate type.
  Data Entry Issues: There may be an issue with the data being entered, such as an incorrect currency code or type.
  Master Data Issues: The master data for the relevant financial objects (like customers, vendors, or materials) may not have the correct currency settings.
  
  Solution:
  
  
  Check Configuration:
  
  Go to the transaction code OB08 to check the exchange rate types and ensure that the necessary exchange rates are maintained for the currency types in question.
  Verify the configuration in SPRO under Financial Accounting (FI) > Financial Accounting Global Settings > Currencies > Define Currency Types.
  
  
  
  Review Currency Types:
  
  Ensure that the currency type you are using is defined in the system. You can check this in the configuration settings mentioned above.
  Make sure that the currency type has a corresponding exchange rate type assigned.
  
  
  
  Validate Master Data:
  
  Check the master data for the relevant entities (like customers, vendors, etc.) to ensure that the currency settings are correct.
  Ensure that the relevant financial documents are using the correct currency type.
  
  
  
  Data Entry:
  
  Review the data entry for any typos or incorrect currency codes that may be causing the issue.
  
  
  
  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.
  SPRO: Access the SAP Reference IMG for configuration.
  
  
  Currency Types: Common currency types include:
  
  10: Company code currency
  20: Group currency
  30: Hard currency
  
  
  Exchange Rate Types: Common exchange rate types include:
  
  M: Average rate
  B: Buying rate
  S: Selling rate
  
  
  
  By following these steps, you should be able to identify and resolve the issue related to the error message FVC_PRC_DETN018.