How To Fix GP634 - Maintenance of the exchange rate type and value date is not required in &

SAP Error Message - Details

• Message type: E = Error

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

• Message number: 634

• Message text: Maintenance of the exchange rate type and value date is not required in &

What causes this issue?

You have maintained the exchange rate type or the value date, although
the update of all currencies is inactive in the control indicators of
the controlling area for fiscal year &V1&.

System Response

The system will ignore your entry.

How to fix this error?

You do not need to maintain these two fields for year &V1&.

Error message extract from SAP system. Copyright SAP SE.

Smart SAP Assistant

• What is the cause and solution for SAP error message GP634 - Maintenance of the exchange rate type and value date is not required in & ?

  The SAP error message GP634 ("Maintenance of the exchange rate type and value date is not required in &") typically occurs in the context of currency exchange rate maintenance within the SAP system. This error indicates that the system does not require the maintenance of exchange rates for the specified currency pair or exchange rate type in the given context.
  Cause:
  
  Exchange Rate Type Configuration: The exchange rate type you are trying to maintain may not be configured to require maintenance for the specified currency pair.
  Value Date Settings: The value date for the exchange rate may not be applicable or necessary for the specific transaction or configuration you are working with.
  System Settings: The system may be set up in a way that does not require exchange rate maintenance for certain currencies or scenarios.
  
  Solution:
  
  
  Check Exchange Rate Type Configuration:
  
  Go to the transaction code OB08 (Maintain Exchange Rates).
  Verify if the exchange rate type you are trying to maintain is correctly configured and if it is set to require maintenance for the currency pair in question.
  
  
  
  Review Value Date Settings:
  
  Ensure that the value date you are trying to use is appropriate for the exchange rate type and currency pair.
  If the value date is not required, you may need to adjust your input or the configuration.
  
  
  
  Consult Documentation:
  
  Review SAP documentation or help resources related to exchange rate maintenance to understand the specific requirements for the exchange rate type you are working with.
  
  
  
  Check User Authorizations:
  
  Ensure that you have the necessary authorizations to maintain exchange rates for the specified currency and exchange rate type.
  
  
  
  Contact SAP Support:
  
  If the issue persists and you cannot identify the cause, consider reaching out to SAP support for further assistance.
  
  
  
  Related Information:
  
  Transaction Codes: Familiarize yourself with relevant transaction codes such as OB08 for maintaining exchange rates and OB37 for defining exchange rate types.
  Configuration Settings: Review the configuration settings in the SAP Customizing Implementation Guide (IMG) under Financial Accounting (FI) > Financial Accounting Global Settings > Currencies > Define Exchange Rate Types.
  Documentation: Refer to SAP Help Portal for detailed documentation on currency and exchange rate management.
  
  By following these steps, you should be able to identify the cause of the GP634 error and take appropriate action to resolve it.