How To Fix GMMASTERDATA077 - Exchange rate between &1 and &2 requires a date

SAP Error Message - Details

• Message type: E = Error

• Message class: GMMASTERDATA - Grant master data maintenance messages only

• Message number: 077

• Message text: Exchange rate between &1 and &2 requires a date

What causes this issue?

The exchange rate date is missing, and therefore the exchange rate
between the grant currency and company code currency cannot be
performed.

System Response

The exchange rate is not calculated.

How to fix this error?

Enter the exchange rate date.

Procedure for System Administrators

The system issues an error message and will not allow you to continue with this transaction until the error is resolved.

Error message extract from SAP system. Copyright SAP SE.

Smart SAP Assistant

• What is the cause and solution for SAP error message GMMASTERDATA077 - Exchange rate between &1 and &2 requires a date ?

  The SAP error message GMMASTERDATA077 indicates that there is an issue with the exchange rate between two currencies, specifically that a date is required to determine the exchange rate. This error typically arises in the context of financial transactions or when dealing with currency conversions in SAP systems, particularly in the context of the General Ledger or the Funds Management module.
  Cause:
  
  Missing Date: The primary cause of this error is that the system is unable to find a valid exchange rate for the specified currencies because a date has not been provided or is missing.
  Configuration Issues: There may be issues with the configuration of exchange rates in the system, such as missing entries in the exchange rate tables.
  Data Entry Errors: Users may have entered data incorrectly, leading to the system not being able to find the necessary exchange rate.
  
  Solution:
  
  Provide a Date: Ensure that a valid date is provided when performing transactions that involve currency conversion. This date should correspond to the date for which the exchange rate is required.
  Check Exchange Rate Configuration:
  
  Go to the transaction code OB08 (Maintain Exchange Rates) to verify that the exchange rates for the specified currencies exist for the required date.
  If the exchange rate is missing, you may need to enter it manually or ensure that it is updated in the system.
  
  
  Review Transaction Data: Check the transaction or document that triggered the error to ensure that all required fields, including the date, are filled out correctly.
  Consult Documentation: If you are unsure about the required exchange rates or how to enter them, refer to SAP documentation or consult with your SAP administrator or finance team.
  
  Related Information:
  
  Exchange Rate Types: SAP allows for different types of exchange rates (e.g., average rate, spot rate). Ensure you are using the correct type for your transaction.
  Currency Configuration: Review the configuration settings for currencies in your SAP system to ensure they are set up correctly.
  Transaction Codes: Familiarize yourself with relevant transaction codes such as:
  
  OB08: Maintain Exchange Rates
  OB22: Define Exchange Rate Types
  OB37: Define Currency Translation
  
  
  SAP Notes: Check for any relevant SAP Notes that may address specific issues related to exchange rates and currency handling.
  
  By following these steps, you should be able to resolve the GMMASTERDATA077 error and ensure that your currency transactions are processed correctly.