How To Fix GLE_MCA117 - No rate found for posting date &1; date &2 will be used

SAP Error Message - Details

• Message type: E = Error

• Message class: GLE_MCA - Multicurrency Accounting

• Message number: 117

• Message text: No rate found for posting date &1; date &2 will be used

Self-Explanatory Message

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Smart SAP Assistant

• What is the cause and solution for SAP error message GLE_MCA117 - No rate found for posting date &1; date &2 will be used ?

  The SAP error message GLE_MCA117 indicates that there is no exchange rate found for a specific posting date in the system. This typically occurs when you are trying to post a transaction that involves currency conversion, and the system cannot find a valid exchange rate for the date of the transaction.
  Cause:
  
  Missing Exchange Rate: The primary cause of this error is that the exchange rate for the specified posting date is not maintained in the system.
  Incorrect Date: The posting date may be set incorrectly, leading to a situation where the system cannot find the corresponding exchange rate.
  Currency Pair Not Defined: The currency pair involved in the transaction may not have an exchange rate defined in the system.
  Exchange Rate Type: The exchange rate type being used may not have been set up correctly or may not include the required rates.
  
  Solution:
  
  
  Maintain Exchange Rates:
  
  Go to the transaction code OB08 (Maintain Exchange Rates).
  Check if the exchange rate for the required currency pair and the posting date exists.
  If it does not exist, you can add the necessary exchange rate for the required date.
  
  
  
  Check Posting Date:
  
  Verify that the posting date is correct and falls within the range of dates for which exchange rates are maintained.
  If the date is incorrect, adjust it accordingly.
  
  
  
  Review Exchange Rate Type:
  
  Ensure that the correct exchange rate type is being used in the transaction.
  You can check the configuration in OB07 (Define Exchange Rate Types) to see if the rates are maintained for the correct type.
  
  
  
  Use a Different Date:
  
  If the transaction allows, consider using a different date for the posting that has a valid exchange rate.
  
  
  
  Consult with Finance Team:
  
  If you are unsure about the correct rates or configurations, consult with your finance or accounting team to ensure that the rates are maintained correctly.
  
  
  
  Related Information:
  
  Transaction Codes:
  
  OB08: Maintain Exchange Rates
  OB07: Define Exchange Rate Types
  
  
  Exchange Rate Types: Different types of exchange rates can be defined for various purposes (e.g., average rates, historical rates).
  Currency Configuration: Ensure that the currencies involved in the transaction are properly configured in the system.
  
  By following these steps, you should be able to resolve the GLE_MCA117 error and successfully post your transaction.