How To Fix GI578 - Exchange rate of & fixed for translation from & to &

SAP Error Message - Details

• Message type: E = Error

• Message class: GI - FI-SL update

• Message number: 578

• Message text: Exchange rate of & fixed for translation from & to &

What causes this issue?

An exchange rate type is used for exchange rate &V1& / &V2& for which a
fixed exchange rate is defined. However, the exchange rate the system
is using for further calculation deviates from the fixed rate.
INCLUDE 'CUSTOMIZED_MESSAGE_INFO' OBJECT DOKU ID TX

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• What is the cause and solution for SAP error message GI578 - Exchange rate of & fixed for translation from & to & ?

  The SAP error message GI578 typically indicates an issue with the exchange rate used for currency translation in financial transactions. This error occurs when the system cannot find a valid exchange rate for the specified currencies and date.
  Cause:
  
  Missing Exchange Rate: The exchange rate for the specified currency pair (from currency to to currency) is not maintained in the system for the required date.
  Incorrect Date: The date for which the exchange rate is being requested may not have a valid rate maintained.
  Currency Configuration: There may be issues with the configuration of currencies in the system, such as missing currency types or incorrect settings.
  Data Entry Errors: There could be errors in the data entry where the currencies or dates are incorrectly specified.
  
  Solution:
  
  
  Maintain Exchange Rates:
  
  Go to the transaction code OB08 (or the relevant transaction for maintaining exchange rates).
  Check if the exchange rate for the specified currency pair exists for the required date.
  If it does not exist, you will need to enter the appropriate exchange rate.
  
  
  
  Check Currency Configuration:
  
  Ensure that the currencies involved are correctly configured in the system.
  Verify that the currency types are set up properly in the configuration settings.
  
  
  
  Review Date Settings:
  
  Make sure that the date for which the exchange rate is being requested is correct and falls within the range of maintained rates.
  
  
  
  Consult Documentation:
  
  If you are unsure about the exchange rate maintenance process, refer to SAP documentation or consult with your SAP functional consultant.
  
  
  
  Testing:
  
  After making the necessary changes, test the transaction again to ensure that the error is resolved.
  
  
  
  Related Information:
  
  Transaction Codes: 
  
  OB08: Maintain exchange rates.
  OBBS: Display exchange rates.
  
  
  Currency Types: Ensure that the currency types (e.g., transaction currency, local currency) are correctly defined in your financial settings.
  SAP Notes: Check for any relevant SAP Notes that may address specific issues related to exchange rates or currency translation.
  
  If the problem persists after following these steps, it may be beneficial to consult with your SAP support team or a functional consultant who specializes in financial modules.