How To Fix GK545 - Exchange rate type assignment missing for exchange rate indicator &1

SAP Error Message - Details

• Message type: E = Error

• Message class: GK - Messages for SAP Consolidation

• Message number: 545

• Message text: Exchange rate type assignment missing for exchange rate indicator &1

What causes this issue?

<DS:GLOS.exchange_rate_indicator>Exchange rate indicator</> &V1& does
not have a valid <DS:GLOS.exchange_rate_type>exchange rate type</> for
the current time period and the current version of exchange rates.

System Response

Processing terminated

How to fix this error?

Define an exchange rate type for exchange rate indicator &V1& for the
current time period and the current version. To do this, go to Currency
Translation Customizing.

Error message extract from SAP system. Copyright SAP SE.

Smart SAP Assistant

• What is the cause and solution for SAP error message GK545 - Exchange rate type assignment missing for exchange rate indicator &1 ?

  The SAP error message GK545 indicates that there is a missing assignment of an exchange rate type for a specific exchange rate indicator. This typically occurs in the context of financial transactions where currency conversion is required, and the system cannot find the necessary exchange rate type to perform the conversion.
  Cause:
  
  Missing Configuration: The exchange rate type has not been defined or assigned in the system for the specified exchange rate indicator.
  Incorrect Settings: The settings for currency conversion in the relevant financial module (like FI, CO, etc.) may not be properly configured.
  Data Entry Error: There may be a mistake in the data entry where the exchange rate indicator is incorrectly specified or not available.
  
  Solution:
  
  
  Check Exchange Rate Type Configuration:
  
  Go to the transaction code OB08 (Maintain Exchange Rates) and verify if the exchange rate type is defined for the required currency pair.
  Ensure that the exchange rate type is assigned to the relevant exchange rate indicator.
  
  
  
  Assign Exchange Rate Type:
  
  If the exchange rate type is missing, you can create a new entry or modify an existing one to include the necessary exchange rate type for the specified indicator.
  Use transaction code OBBS to assign the exchange rate type to the exchange rate indicator.
  
  
  
  Review Financial Settings:
  
  Check the configuration settings in the financial module (FI/CO) to ensure that all necessary parameters are set correctly.
  Use transaction code SPRO to access the configuration menu and navigate to the relevant sections for currency settings.
  
  
  
  Consult Documentation:
  
  Review SAP documentation or help files related to currency conversion and exchange rate settings for additional guidance.
  
  
  
  Testing:
  
  After making the necessary changes, perform a test transaction to ensure that the error no longer occurs.
  
  
  
  Related Information:
  
  Exchange Rate Types: These are used to define how currency conversions are handled in SAP. Common types include M (average rate), B (bank buying rate), and G (bank selling rate).
  Exchange Rate Indicators: These are identifiers used to specify which exchange rate type should be used for a particular transaction or reporting purpose.
  Transaction Codes:
  
  OB08: Maintain Exchange Rates
  OBBS: Assign Exchange Rate Types
  SPRO: SAP Reference IMG (Implementation Guide)
  
  
  
  If the issue persists after following these steps, it may be beneficial to consult with your SAP Basis or functional team for further investigation.