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

SAP Error Message - Details

• 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 codes like OB08 (Maintain Exchange Rates) to review and adjust rates as necessary.
  
  
  
  Adjust Tolerance Settings:
  
  Review the tolerance settings for exchange rate differences in the configuration. This can be done in the customizing settings (SPRO) under Financial Accounting (FI) > General Ledger Accounting > Business Transactions > Foreign Currency Valuation.
  Adjust the tolerance limits if they are too strict for your business needs.
  
  
  
  Review Transaction Details:
  
  Check the details of the transaction that triggered the error. Ensure that all amounts and currencies are entered correctly.
  Look for any discrepancies in the amounts that may have caused the error.
  
  
  
  Consult with Finance Team:
  
  If the issue persists, consult with your finance or accounting team to understand if there are any specific policies or procedures regarding currency transactions that need to be followed.
  
  
  
  Test in a Sandbox Environment:
  
  If you are making changes to exchange rates or tolerance settings, consider testing these changes in a sandbox environment before applying them to the production system.
  
  
  
  Related Information:
  
  Transaction Codes: Familiarize yourself with relevant transaction codes such as OB08 (Maintain Exchange Rates), FB50 (Enter G/L Account Document), and FBL3N (G/L Account Line Items) for troubleshooting.
  Documentation: Review SAP documentation or help files related to foreign currency transactions and exchange rate settings for more detailed guidance.
  SAP Notes: Check for any SAP Notes related to this error message, as they may provide specific fixes or updates that address known issues.
  
  By following these steps, you should be able to identify the cause of the GI546 error and implement a solution to resolve it.