How To Fix HRTR_REC_WIZ021 - There is no exchange rate within the local currency

HRTR_REC_WIZ021 - Overview

• Message type: E = Error

• Message class: HRTR_REC_WIZ - Function Group HRTR_REC_WIZ

• Message number: 021

• Message text: There is no exchange rate within the local currency

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.

Unfortunately, there isn't any extra information in this error notice.

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Smart SAP Assistant

• What is the cause and solution for SAP error message HRTR_REC_WIZ021 - There is no exchange rate within the local currency ?

  The SAP error message HRTR_REC_WIZ021, which states "There is no exchange rate within the local currency," typically occurs in the context of HR (Human Resources) or payroll processing when the system is unable to find a valid exchange rate for a currency conversion that is required for a specific operation. This can happen in various scenarios, such as when processing payroll for employees who are paid in different currencies or when dealing with international assignments.
  
  Cause:
  
  Missing Exchange Rate: The primary cause of this error is that there is no defined exchange rate for the local currency in the system for the relevant time period.
  Incorrect Configuration: The currency settings in the system may not be configured correctly, leading to the absence of necessary exchange rates.
  Date Range Issues: The exchange rate may not be available for the specific date range being processed.
  Currency Type: The currency type being used may not have an exchange