How To Fix GI546 - The exchange rate local currency difference is too great

GI546 - Overview

• Message type: E = Error

• Message class: GI - FI-SL update

• Message number: 546

• Message text: The exchange rate local currency difference is too great

What causes this issue?

The exchange rate for the translation from local currency into group
currency deviates too greatly from the standard rate.
The standard rate is &V1&, the maximum rate allowed is &V2& and the
minimum valid rate is &V3&

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?

The maximum deviation for each company code is defined in T001. Check
your entry.
The exchange rate will continue to be used in all following lines.
However, the system will not issue any further warning messages
provided you do not change the exchange rate again.

Error message extract from SAP system. Copyright SAP SE.

Smart SAP Assistant

• What is the cause and solution for SAP error message GI546 - The exchange rate local currency difference is too great ?

  The SAP error message GI546, "The exchange rate local currency difference is too great," typically occurs during financial transactions that involve currency conversion. This error indicates that the difference between the local currency and the exchange rate used for the transaction exceeds a predefined threshold. Here’s a breakdown of the cause, potential solutions, and related information:
  
  Cause:
  
  Exchange Rate Variance: The exchange rate used for the transaction may differ significantly from the rate defined in the system, leading to discrepancies.
  Configuration Settings: The system may have strict settings regarding acceptable variances in exchange rates, which can trigger this error.
  Currency Conversion Issues: If the transaction involves multiple currencies, the conversion process may not align with the expected rates.
  Data Entry Errors: Incorrect manual entry of exchange rates or amounts can lead to significant differences.
  
  Solutions:
  
  
  Check Exchange Rates:
  
  Verify the exchange rates in the system. Ensure that the rates are updated and reflect the current market rates.
  Use transaction