How To Fix ICA02193 - Exchange rate type is required for currency conversion.

SAP Error Message - Details

• Message type: E = Error

• Message class: ICA02 - ICA Matching Engine Message Class

• Message number: 193

• Message text: Exchange rate type is required for currency conversion.

Self-Explanatory Message

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Smart SAP Assistant

• What is the cause and solution for SAP error message ICA02193 - Exchange rate type is required for currency conversion. ?

  The SAP error message ICA02193, which states "Exchange rate type is required for currency conversion," typically occurs when a currency conversion process is attempted without specifying an exchange rate type. This can happen in various scenarios, such as during financial postings, reporting, or when executing transactions that involve multiple currencies.
  Cause:
  
  Missing Exchange Rate Type: The most common cause is that the exchange rate type has not been defined in the transaction or configuration settings.
  Configuration Issues: The system may not have the necessary exchange rate types configured in the relevant currency settings.
  Transaction Settings: The specific transaction or report being executed may not have the required parameters set up correctly.
  
  Solution:
  To resolve the ICA02193 error, you can follow these steps:
  
  
  Check Transaction Settings:
  
  Ensure that the transaction you are executing has the exchange rate type specified. This can often be done in the selection screen or parameters of the transaction.
  
  
  
  Define Exchange Rate Type:
  
  Go to the transaction code OB08 to maintain exchange rates.
  Ensure that the exchange rate type you want to use is defined and that there are valid exchange rates for the currencies involved.
  
  
  
  Configuration in Customizing:
  
  Navigate to the SAP Customizing Implementation Guide (SPRO).
  Go to Financial Accounting (New) -> Financial Accounting Global Settings (New) -> Currencies -> Define Exchange Rate Types.
  Check if the required exchange rate type is defined and active.
  
  
  
  Check User Parameters:
  
  Sometimes, user-specific settings can affect how transactions are processed. Check if the user profile has any specific settings related to currency conversion.
  
  
  
  Review Documentation:
  
  If you are unsure about which exchange rate type to use, refer to your organization's financial policies or consult with your finance team.
  
  
  
  Testing:
  
  After making the necessary changes, test the transaction again to ensure that the error is resolved.
  
  
  
  Related Information:
  
  Exchange Rate Types: In SAP, exchange rate types are used to define how currency conversions are handled. Common types include "M" for average rates, "B" for bank rates, etc.
  Currency Conversion: Currency conversion is a critical function in financial reporting and transactions, especially for multinational companies dealing with multiple currencies.
  SAP Notes: Check SAP Notes for any specific patches or updates related to this error message, as there may be known issues or fixes provided by SAP.
  
  If the issue persists after following these steps, it may be beneficial to consult with your SAP support team or refer to SAP documentation for further troubleshooting.