How To Fix IDCFM_US_FAMA_MSG205 - Period for calculation of the average exchange rate cannot be identified

SAP Error Message - Details

• Message type: E = Error

• Message class: IDCFM_US_FAMA_MSG - Treasury US Localization

• Message number: 205

• Message text: Period for calculation of the average exchange rate cannot be identified

What causes this issue?

You specified the &V1& update type for the given product in Customizing,
for which an average exchange rate must be calculated. The time period
for the average exchange rate for the update type cannot be identified.

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?

Specify valid period for the average exchange rate calculation.

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_MSG205 - Period for calculation of the average exchange rate cannot be identified ?

  The SAP error message IDCFM_US_FAMA_MSG205, which states "Period for calculation of the average exchange rate cannot be identified," typically occurs in the context of financial transactions involving foreign currency. This error indicates that the system is unable to determine the appropriate period for calculating the average exchange rate for a specific currency.
  Causes:
  
  Missing Exchange Rate Data: The exchange rate data for the specified currency and period may not be maintained in the system.
  Incorrect Configuration: The configuration settings for currency translation or exchange rate types may be incorrect or incomplete.
  Period Not Defined: The fiscal period for which the average exchange rate is being calculated may not be defined in the system.
  Currency Type Issues: The currency type used in the transaction may not have a corresponding exchange rate defined.
  Date Range Issues: The date range for the transaction may fall outside the periods for which exchange rates are maintained.
  
  Solutions:
  
  
  Check Exchange Rate Maintenance:
  
  Go to the transaction code OB08 to check if the exchange rates for the relevant currency and period are maintained.
  Ensure that the exchange rates are defined for the required currency pair and that they cover the necessary date range.
  
  
  
  Verify Configuration:
  
  Check the configuration settings for currency translation in the SAP system. Ensure that the exchange rate types and their corresponding settings are correctly configured.
  Review the settings in OB22 (Define Exchange Rate Types) to ensure that the exchange rate type used in the transaction is correctly set up.
  
  
  
  Define Fiscal Periods:
  
  Ensure that the fiscal periods are correctly defined in the system. You can check this in the configuration settings for fiscal year variant.
  Use transaction code OB29 to review and maintain fiscal year settings.
  
  
  
  Review Transaction Dates:
  
  Check the transaction date to ensure it falls within the periods for which exchange rates are maintained.
  If necessary, adjust the transaction date or maintain the required exchange rates for the relevant period.
  
  
  
  Consult Documentation:
  
  Review SAP documentation or help resources for additional guidance on handling exchange rate issues and related configurations.
  
  
  
  Related Information:
  
  Transaction Codes:
  
  OB08: Maintain Exchange Rates
  OB22: Define Exchange Rate Types
  OB29: Maintain Fiscal Year Variants
  
  
  SAP Notes: Check for any relevant SAP Notes that may address this specific error or provide additional troubleshooting steps.
  User Forums: Consider visiting SAP community forums or user groups for insights from other users who may have encountered similar issues.
  
  By following these steps, you should be able to identify the cause of the error and implement the necessary solutions to resolve it.