How To Fix GP632 - Enter the exchange rate type for fiscal year &

GP632 - Overview

• Message type: E = Error

• Message class: GP - FI-SL and CO planning

• Message number: 632

• Message text: Enter the exchange rate type for fiscal year &

What causes this issue?

You have included a new entry for fiscal year &V1& in the table without
specifying the exchange rate type.
In the control indicators of controlling area &V2&, however, the update
of all currencies is required for fiscal year &V1&. You must therefore
enter the exchange rate type.
Valid exchange rate types are defined in table TCURV.

System Response

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

How to fix this error?

Enter a valid exchange rate type, or
display all valid exchange rate types using the F4 function.

Error message extract from SAP system. Copyright SAP SE.

Smart SAP Assistant

• What is the cause and solution for SAP error message GP632 - Enter the exchange rate type for fiscal year & ?

  The SAP error message GP632, which states "Enter the exchange rate type for fiscal year &," typically occurs in the context of foreign currency valuation or when dealing with exchange rates in SAP. This error indicates that the system requires an exchange rate type to be specified for a particular fiscal year, but it has not been provided.
  
  Cause:
  
  Missing Exchange Rate Type: The exchange rate type for the specified fiscal year has not been defined in the system.
  
  Configuration Issues: There may be a configuration issue in the settings related to currency translation or exchange rates.
  Data Entry Error: The user may have missed entering the required exchange rate type in the relevant transaction or configuration screen.
  
  
  Solution:
  To resolve the GP632 error, you can follow these steps:
  
  
  Check Exchange Rate Type Configuration:
  
  Go to the transaction code OB08 (Maintain Exchange Rates).
  Ensure that the exchange rate type is defined for the fiscal year in question. If it