How To Fix G00422 - Exch.rate indicator &1 is invalid for currency translation of goodwill

G00422 - Overview

• Message type: E = Error

• Message class: G00 - SAP Consolidation

• Message number: 422

• Message text: Exch.rate indicator &1 is invalid for currency translation of goodwill

What causes this issue?

Exchange rate indicator &V1& was specified in the global settings for
C/I for currency translation of goodwill in the balance sheet or
income statement. However, this exchange rate indicator is invalid.

System Response

The system issues an error message and will not allow you to continue with this transaction until the error is resolved.

How to fix this error?

Define exchange rate indicator &V1& in the Customizing of currency
translation or define a valid exchange rate indicator in the global
settings for C/I.

Procedure for System Administrators

Error message extract from SAP system. Copyright SAP SE.

Smart SAP Assistant

• What is the cause and solution for SAP error message G00422 - Exch.rate indicator &1 is invalid for currency translation of goodwill ?

  The SAP error message G00422 indicates that there is an issue with the exchange rate indicator used for currency translation of goodwill. This error typically arises in the context of financial reporting and currency translation processes within SAP, particularly when dealing with foreign currency transactions and consolidations.
  
  Cause:
  
  Invalid Exchange Rate Indicator: The exchange rate indicator specified in the transaction or configuration is not valid or does not exist in the system.
  
  Configuration Issues: The exchange rate type may not be properly configured in the system, or it may not be assigned to the relevant currencies.
  Missing Exchange Rates: There may be missing exchange rates for the specified currency pair for the relevant period.
  Incorrect Settings in the Company Code: The company code settings may not be aligned with the required exchange rate indicators for goodwill calculations.
  
  
  Solution:
  
  
  Check Exchange Rate Indicator:
  
  Verify the exchange rate indicator being used in the transaction. Ensure that it is correctly defined