How To Fix IDCFM_US_FAMA_MSG203 - Invalid date for average exchange rate calculation

SAP Error Message - Details

• Message type: E = Error

• Message class: IDCFM_US_FAMA_MSG - Treasury US Localization

• Message number: 203

• Message text: Invalid date for average exchange rate calculation

What causes this issue?

You specified an invalid posting date.

System Response

The system issues an error message and will not allow you to continue with this transaction until the error is resolved.

How to fix this error?

You must specify a valid posting date; this can be either the planned
(transactional) posting date, the payment date, or the value date.
<ZH>Example</>:
There is an Euro Bond with EUR 5,000,000 nominal value in your
portfolio. The fixed coupon rate is 3.5% with interest method act/360,
the coupon date is on October 15, 2010 (quarterly). The coupon period is
between October 15, 2010 and January 14, 2011 (as the last interest day
of the period). The coupon payment date is scheduled on January 15,
2011. Because this is a Saturday, the value date is Monday, January 17,
2011.

Procedure for System Administrators

Error message extract from SAP system. Copyright SAP SE.

Smart SAP Assistant

• What is the cause and solution for SAP error message IDCFM_US_FAMA_MSG203 - Invalid date for average exchange rate calculation ?

  The SAP error message IDCFM_US_FAMA_MSG203, which indicates "Invalid date for average exchange rate calculation," typically arises in the context of financial transactions or postings that involve currency conversion. This error suggests that the date being used for the average exchange rate calculation is not valid or does not correspond to an available exchange rate in the system.
  Causes:
  
  Invalid Date: The date specified for the transaction may not fall within the range of dates for which exchange rates are maintained in the system.
  Missing Exchange Rates: There may be no exchange rate defined for the currency pair on the specified date.
  Incorrect Configuration: The configuration settings for currency conversion or exchange rate types may not be set up correctly.
  Posting Period Issues: The posting period may be closed, or the date may fall outside of the allowed posting periods.
  
  Solutions:
  
  
  Check Exchange Rates: Verify that the exchange rates for the relevant currency pair are maintained in the system for the specified date. You can do this by navigating to the transaction code OB08 (Maintain Exchange Rates) and checking the rates for the date in question.
  
  
  Adjust the Date: If the date is incorrect, adjust it to a valid date for which exchange rates are available.
  
  
  Review Configuration: Ensure that the configuration for currency conversion is correct. This includes checking the settings for exchange rate types and ensuring that they are properly defined.
  
  
  Open Posting Periods: Check if the posting period is open for the date in question. If it is closed, you may need to open it or adjust the transaction date.
  
  
  Consult Documentation: Refer to SAP documentation or help resources for additional guidance on handling exchange rates and related configurations.
  
  
  Contact Support: If the issue persists after checking the above points, consider reaching out to your SAP support team or consulting with an SAP expert for further assistance.
  
  
  Related Information:
  
  Transaction Codes: Familiarize yourself with relevant transaction codes such as OB08 (Maintain Exchange Rates), OBA1 (Manage Exchange Rate Types), and others related to financial postings.
  SAP Notes: Check for any SAP Notes related to this error message for potential patches or updates that may address the issue.
  User Forums: Engage with SAP community forums or user groups where similar issues may have been discussed, and solutions shared.
  
  By following these steps, you should be able to identify the root cause of the error and implement a suitable solution.