How To Fix GRANTMGMT351 - Exchange rate &1 is NOT new for grant &2

SAP Error Message - Details

• Message type: E = Error

• Message class: GRANTMGMT - Grants Management Message Class

• Message number: 351

• Message text: Exchange rate &1 is NOT new for grant &2

Self-Explanatory Message

Since SAP believes that this specific error message is 'self-explanatory,' no more information has been given.The majority of messages in the SAP system have a message text, however this is frequently insufficient to comprehend or resolve the problem.

To make things easier, more detailed information is frequently added to describe the issue, how to fix it, and the necessary steps or configuration modifications.

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Smart SAP Assistant

• What is the cause and solution for SAP error message GRANTMGMT351 - Exchange rate &1 is NOT new for grant &2 ?

  The SAP error message GRANTMGMT351 indicates that there is an issue with the exchange rate being used for a specific grant. The message states that the exchange rate specified is not new for the grant in question. This typically occurs in the context of grant management when dealing with currency conversions and financial transactions.
  Cause:
  
  Exchange Rate Not Updated: The exchange rate for the currency in question has not been updated or is not marked as new in the system.
  Incorrect Currency Configuration: The currency settings for the grant may not be configured correctly, leading to the system not recognizing the exchange rate as valid.
  Grant Status: The grant may be in a status that does not allow for the use of the specified exchange rate.
  Date Validity: The exchange rate may not be valid for the date of the transaction or grant activity.
  
  Solution:
  
  Update Exchange Rates: Ensure that the exchange rates are updated in the system. You can do this by navigating to the relevant transaction for maintaining exchange rates (e.g., transaction OB08).
  Check Grant Configuration: Review the configuration of the grant to ensure that the currency settings are correct and that the grant is set up to use the appropriate exchange rates.
  Verify Grant Status: Check the status of the grant to ensure that it is in a state that allows for the use of new exchange rates.
  Date Check: Confirm that the date of the transaction aligns with the validity period of the exchange rate. If necessary, adjust the date or use a different exchange rate that is valid for the transaction date.
  Consult Documentation: Refer to SAP documentation or consult with your SAP support team for specific guidance related to your organization's configuration and processes.
  
  Related Information:
  
  Transaction Codes: Familiarize yourself with relevant transaction codes such as OB08 (Maintain Exchange Rates) and GRANTMGMT (Grant Management).
  SAP Notes: Check for any SAP Notes related to this error message for additional insights or patches that may address the issue.
  User Roles: Ensure that you have the necessary permissions to update exchange rates and grant configurations in the system.
  
  If the issue persists after following these steps, it may be beneficial to engage with your SAP support team or consult with an SAP expert for further troubleshooting.