How To Fix GI547 - The exchange rate transaction currency difference is too great

GI547 - Overview

• Message type: E = Error

• Message class: GI - FI-SL update

• Message number: 547

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

What causes this issue?

The exchange rate for the translation from transaction into local
currency deviates too greatly from the standard rate.
The rate may lie between &V3& and &V2&, where &V1& is the standard
rate.

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.

GI547 - Details

• The SAP error message GI547, which states "The exchange rate transaction currency difference is too great," typically occurs during financial transactions involving currency conversion. This error indicates that the difference between the transaction currency and the local currency exceeds the allowable limits set in the system.
  Causes:
  
  Exchange Rate Fluctuations: Significant changes in exchange rates between the time of transaction and the time of posting can lead to large discrepancies.
  Configuration Settings: The system may have strict tolerance limits set for currency differences, which can trigger this error if exceeded.
  Incorrect Exchange Rate: The exchange rate used for the transaction may be incorrect or not updated in the system.
  Currency Conversion Issues: Issues with the currency conversion process, such as missing or incorrect rates in the currency table.
  
  Solutions:
  
  Check Exchange Rates: Verify that the exchange rates are correctly maintained in the system. You can do this by checking the transaction codes like OB08 (Maintain Exchange Rates)