How To Fix GLE_MCA058 - FX rate &1 is greater than the allowed divergence, currency &2

SAP Error Message - Details

• Message type: E = Error

• Message class: GLE_MCA - Multicurrency Accounting

• Message number: 058

• Message text: FX rate &1 is greater than the allowed divergence, currency &2

Self-Explanatory Message

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Smart SAP Assistant

• What is the cause and solution for SAP error message GLE_MCA058 - FX rate &1 is greater than the allowed divergence, currency &2 ?

  The SAP error message GLE_MCA058 indicates that there is a discrepancy in the foreign exchange (FX) rate used in a transaction compared to the allowed divergence set in the system for a specific currency. This error typically arises during the processing of financial transactions, particularly in the context of foreign currency valuations or postings.
  Cause:
  
  FX Rate Discrepancy: The FX rate being used for the transaction is greater than the maximum allowed divergence from the reference rate defined in the system for the specified currency.
  Configuration Settings: The allowed divergence settings for currency exchange rates may be too strict or not aligned with the current market rates.
  Data Entry Errors: Incorrect manual entry of the FX rate during transaction processing can lead to this error.
  Market Fluctuations: Rapid changes in the foreign exchange market can cause the rates to exceed the predefined limits.
  
  Solution:
  
  
  Check FX Rate Configuration:
  
  Navigate to the configuration settings for foreign currency valuation in SAP (Transaction Code: OB08).
  Review the allowed divergence settings for the specific currency involved in the transaction. Adjust the settings if necessary to accommodate the current market rates.
  
  
  
  Verify FX Rate:
  
  Ensure that the FX rate being used in the transaction is correct. You can check the current market rates and compare them with the rate entered in SAP.
  If the rate is incorrect, update it to reflect the accurate market rate.
  
  
  
  Adjust Transaction:
  
  If the transaction can be modified, consider adjusting the FX rate to fall within the allowed divergence limits.
  If the transaction is already posted, you may need to reverse it and re-enter it with the correct FX rate.
  
  
  
  Consult with Finance Team:
  
  If you are unsure about the appropriate FX rate or the allowed divergence settings, consult with your finance or treasury team for guidance.
  
  
  
  Review Documentation:
  
  Check SAP documentation or help resources for additional insights on handling FX rate discrepancies and related error messages.
  
  
  
  Related Information:
  
  Transaction Codes: 
  
  OB08 (Maintain Exchange Rates)
  F.05 (Foreign Currency Valuation)
  
  
  SAP Notes: Look for relevant SAP Notes that may address specific issues related to FX rates and error messages.
  User Roles: Ensure that users have the appropriate roles and authorizations to make changes to FX rates and configuration settings.
  
  By following these steps, you should be able to resolve the GLE_MCA058 error and ensure that your foreign currency transactions are processed correctly within SAP.