How To Fix GK702 - No valid exchange rate found for translating currency &1 to &2

GK702 - Overview

• Message type: E = Error

• Message class: GK - Messages for SAP Consolidation

• Message number: 702

• Message text: No valid exchange rate found for translating currency &1 to &2

Self-Explanatory Message

Since SAP believes that this specific error message is 'self-explanatory,' no more information has been given.The majority of messages in the SAP system have a message text, however this is frequently insufficient to comprehend or resolve the problem.

To make things easier, more detailed information is frequently added to describe the issue, how to fix it, and the necessary steps or configuration modifications.

Unfortunately, there isn't any extra information in this error notice.

What else can you do?

First, use our AnswerBot below to get a possible cause and solution (requires a premium subscription).

Also, review the in-depth Common Questions & Answers listed below; you could discover a solution there or be able to connect with others who have faced similar challenges.

You can also try searching the SAP support portal (support.sap.com) but you need a special user ID to access it. It is possible that an SAP support note exists that provides additional details about the mistake or even steps for fixing it.

GK702 - Details

• The SAP error message GK702 indicates that there is no valid exchange rate available for converting one currency to another in the system. This typically occurs during transactions that involve currency conversion, such as when posting documents or generating reports that require currency translation.
  
  Cause:
  
  Missing Exchange Rate: The most common cause is that the exchange rate for the specified currency pair (from currency &1 to currency &2) is not maintained in the system.
  Incorrect Validity Period: The exchange rate may exist, but it is not valid for the date of the transaction. Exchange rates are often maintained with specific validity periods.
  Currency 
  Configuration Issues: 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 a mistake in the currency codes entered in the transaction.
  
  
  Solution:
  
  
  Maintain Exchange Rates:
  
  Go to the transaction code OB08 (or use the menu path: Accounting >