How To Fix ID_FI_NORDIC108 - Payment order &1: Exchange rate is incorrect

ID_FI_NORDIC108 - Overview

• Message type: E = Error

• Message class: ID_FI_NORDIC - International Development - Edifact in Nordic Countries

• Message number: 108

• Message text: Payment order &1: Exchange rate is incorrect

Self-Explanatory Message

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ID_FI_NORDIC108 - Details

• The SAP error message ID_FI_NORDIC108, which states "Payment order &1: Exchange rate is incorrect," typically occurs in the context of financial transactions involving foreign currency payments. This error indicates that the exchange rate used for the payment order is not valid or is not found in the system.
  Causes:
  
  Missing Exchange Rate: The exchange rate for the currency pair involved in the transaction is not maintained in the system for the relevant date.
  Incorrect Exchange Rate Type: The exchange rate type used in the payment order may not be set up correctly or may not be applicable for the transaction.
  Date Issues: The exchange rate may not be valid for the date of the transaction. For example, if the rate is only valid for a specific date range and the transaction date falls outside that range.
  Currency Configuration: There may be issues with the configuration of the currencies involved, such as missing currency settings in