How To Fix GLE_MCA631 - &1: Previous exchange rate does not exist in specified validity period

SAP Error Message - Details

• Message type: E = Error

• Message class: GLE_MCA - Multicurrency Accounting

• Message number: 631

• Message text: &1: Previous exchange rate does not exist in specified validity period

Self-Explanatory Message

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Smart SAP Assistant

• What is the cause and solution for SAP error message GLE_MCA631 - &1: Previous exchange rate does not exist in specified validity period ?

  The SAP error message GLE_MCA631 indicates that there is an issue with the exchange rate used in a transaction. Specifically, it means that the system cannot find a valid exchange rate for the specified currency pair within the defined validity period. This error typically occurs in the context of financial transactions, such as when posting journal entries or processing foreign currency transactions.
  Cause:
  
  Missing Exchange Rate: The exchange rate for the currency pair does not exist in the system for the date of the transaction.
  Incorrect Validity Period: The validity period for the exchange rate may not cover the date of the transaction.
  Currency Configuration: The currency configuration in the system may not be set up correctly, leading to missing rates.
  Data Entry Error: There may be a mistake in the date or currency codes entered in the transaction.
  
  Solution:
  
  
  Check Exchange Rate Table: 
  
  Go to the transaction code OB08 (Maintain Exchange Rates) to check if the exchange rate for the relevant currency pair exists for the date in question.
  If it does not exist, you will need to enter the correct exchange rate for that date.
  
  
  
  Update Exchange Rates:
  
  If the exchange rate is missing, you can manually enter the required exchange rate for the specific date or use a mass upload method if you have multiple rates to enter.
  
  
  
  Verify Validity Period:
  
  Ensure that the validity period for the exchange rate is set correctly. The exchange rate should be valid for the date of the transaction.
  
  
  
  Check Transaction Date:
  
  Verify that the transaction date is correct and falls within the expected range for the exchange rate.
  
  
  
  Consult with Finance Team:
  
  If you are unsure about the correct exchange rates or how to maintain them, consult with your finance or accounting team for guidance.
  
  
  
  Related Information:
  
  
  Transaction Codes:
  
  OB08: Maintain Exchange Rates
  OBBS: Display Exchange Rates
  FB50: General Ledger Account Document Entry (where you might encounter this error)
  
  
  
  Exchange Rate Types: Ensure that you are using the correct exchange rate type (e.g., M for average rate, B for bank buying rate) as different types may have different rates.
  
  
  SAP Notes: Check for any relevant SAP Notes that may address specific issues or bugs related to exchange rates.
  
  
  Documentation: Review SAP documentation or help files related to foreign currency transactions and exchange rate maintenance for further insights.
  
  
  By following these steps, you should be able to resolve the GLE_MCA631 error and ensure that your transactions can be processed correctly.