How To Fix IDCFM_US_FAMA_MSG207 - Missing exchange rate(s) (&1/&2) for the period &3-&4

IDCFM_US_FAMA_MSG207 - Overview

• Message type: E = Error

• Message class: IDCFM_US_FAMA_MSG - Treasury US Localization

• Message number: 207

• Message text: Missing exchange rate(s) (&1/&2) for the period &3-&4

What causes this issue?

The system cannot calculate the average exchange rate from the spot
rates for the period of the income statement item because one or more
spot rates are missing in Customizing.

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?

Enter the missing exchange rates in the Customizing activity
<DS:SIMG.SIMG_CFMENUORFBOB08>Enter Exchange Rates</>.

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_MSG207 - Missing exchange rate(s) (&1/&2) for the period &3-&4 ?

  The SAP error message IDCFM_US_FAMA_MSG207 indicates that there are missing exchange rates for a specific currency pair during a defined period. This error typically arises in the context of financial transactions, particularly when dealing with foreign currency valuations or conversions.
  
  Cause:
  
  Missing Exchange Rate Data: The primary cause of this error is that the exchange rates for the specified currency pair (e.g., from currency &1 to currency &2) are not maintained in the system for the specified period (from &3 to &4).
  Incorrect Configuration: There may be issues with the configuration of the exchange rate types or the settings in the currency translation settings.
  Data Entry Errors: There could be a mistake in the data entry, such as incorrect currency codes or date ranges.
  
  
  Solution:
  
  
  Maintain Exchange Rates:
  
  Go to the transaction code OB08 (or the relevant transaction for maintaining exchange rates).
  Check if the exchange rates for the specified currency pair are maintained for the required period.
  If