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

SAP Error Message - Details

• 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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Smart SAP Assistant

• What is the cause and solution for SAP error message ID_FI_NORDIC108 - Payment order &1: Exchange rate is incorrect ?

  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 the system.
  
  Solutions:
  
  
  Maintain Exchange Rates:
  
  Go to the transaction code OB08 (Maintain Exchange Rates) and check if the exchange rate for the relevant currency pair is maintained for the transaction date.
  If it is missing, you can add the appropriate exchange rate.
  
  
  
  Check Exchange Rate Type:
  
  Ensure that the correct exchange rate type is being used in the payment order. You can check this in the configuration settings or in the payment order details.
  
  
  
  Verify Transaction Date:
  
  Confirm that the transaction date falls within the validity period of the exchange rate. If necessary, adjust the transaction date or update the exchange rate to include the required date.
  
  
  
  Currency Configuration:
  
  Review the currency settings in the system to ensure that all necessary configurations are in place. This includes checking the currency types and their settings in the system.
  
  
  
  Consult Documentation:
  
  If the issue persists, consult SAP documentation or reach out to your SAP support team for further assistance. They may provide insights specific to your system configuration.
  
  
  
  Related Information:
  
  Transaction Codes: 
  
  OB08: Maintain Exchange Rates
  FBZP: Payment Program Configuration
  
  
  SAP Notes: Check for any relevant SAP Notes that may address this specific error or provide additional troubleshooting steps.
  User Roles: Ensure that the user has the necessary permissions to maintain exchange rates and process payment orders.
  
  By following these steps, you should be able to identify and resolve the issue related to the exchange rate error in your SAP system.