How To Fix GK194 - No reference exchange rate indicator defined for translation method &

GK194 - Overview

• Message type: E = Error

• Message class: GK - Messages for SAP Consolidation

• Message number: 194

• Message text: No reference exchange rate indicator defined for translation method &

What causes this issue?

No reference exchange rate indicator was assigned to currency
translation method &V1&

System Response

Termination of processing

How to fix this error?

Assign a reference exchange rate indicator to currency translation
method &V1&

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

<DS:TRAN.CXD1>Maintain Currency Translation Methods</>

Error message extract from SAP system. Copyright SAP SE.

GK194 - Details

• The SAP error message GK194 indicates that there is no reference exchange rate indicator defined for the specified translation method. This error typically arises in the context of currency translation in financial reporting or when dealing with foreign currency valuations.
  
  Cause:
  The error occurs when:
  
  A translation method is being used that does not have a corresponding reference exchange rate indicator defined in the system.
  The configuration for currency translation is incomplete or incorrect.
  The translation method being used is not properly set up in the system.
  
  
  Solution:
  To resolve the GK194 error, you can follow these steps:
  
  
  Check Translation Method Configuration:
  
  Go to the SAP transaction code OB08 to check the exchange rate types and ensure that the translation method you are using has a valid reference exchange rate indicator assigned.
  If the translation method is not defined correctly, you may need to create or modify it.
  
  
  
  Define Reference Exchange Rate Indicator:
  
  If the reference exchange rate indicator is missing, you