How To Fix IDFIHU116 - Exchange rate types for date & have been updated

SAP Error Message - Details

• Message type: E = Error

• Message class: IDFIHU - FI Developments for Hungary

• Message number: 116

• Message text: Exchange rate types for date & have been updated

Self-Explanatory Message

Since SAP believes that this specific error message is 'self-explanatory,' no more information has been given.The majority of messages in the SAP system have a message text, however this is frequently insufficient to comprehend or resolve the problem.

To make things easier, more detailed information is frequently added to describe the issue, how to fix it, and the necessary steps or configuration modifications.

Unfortunately, there isn't any extra information in this error notice.

What else can you do?

First, use our AnswerBot below to get a possible cause and solution (requires a premium subscription).

Also, review the in-depth Common Questions & Answers listed below; you could discover a solution there or be able to connect with others who have faced similar challenges.

You can also try searching the SAP support portal (support.sap.com) but you need a special user ID to access it. It is possible that an SAP support note exists that provides additional details about the mistake or even steps for fixing it.

Smart SAP Assistant

• What is the cause and solution for SAP error message IDFIHU116 - Exchange rate types for date & have been updated ?

  The SAP error message IDFIHU116 typically indicates that there is an issue with the exchange rate types for a specific date in the system. This error can occur in various financial transactions where exchange rates are required, such as in foreign currency valuations, postings, or reporting.
  Cause:
  The error message IDFIHU116 usually arises due to one of the following reasons:
  
  Missing Exchange Rate: The exchange rate for the specified date is not maintained in the system for the required currency pair.
  Incorrect Exchange Rate Type: The exchange rate type being used may not be defined or may not have valid rates for the specified date.
  Date Range Issues: The date for which the exchange rate is being requested may fall outside the range of maintained rates.
  Configuration Issues: There may be configuration issues in the currency settings or exchange rate types in the SAP system.
  
  Solution:
  To resolve the IDFIHU116 error, you can take the following steps:
  
  
  Check Exchange Rates:
  
  Go to the transaction code OB08 (Maintain Exchange Rates).
  Verify if the exchange rate for the required currency pair and date is maintained.
  If not, enter the correct exchange rate for the required date.
  
  
  
  Verify Exchange Rate Type:
  
  Ensure that the exchange rate type being used in the transaction is correctly defined in the system.
  You can check the configuration for exchange rate types in transaction code OB07.
  
  
  
  Review Date Settings:
  
  Make sure that the date you are trying to use falls within the range of maintained exchange rates.
  If necessary, add the required exchange rates for the missing dates.
  
  
  
  Check Configuration:
  
  Review the configuration settings related to currencies and exchange rates in the SAP system.
  Ensure that all necessary settings are correctly configured.
  
  
  
  Consult Documentation:
  
  If the issue persists, consult SAP documentation or reach out to your SAP support team for further assistance.
  
  
  
  Related Information:
  
  Transaction Codes:
  
  OB08: Maintain Exchange Rates
  OB07: Maintain Exchange Rate Types
  
  
  SAP Notes: Check for any relevant SAP Notes that may address specific issues related to exchange rates and this error message.
  User Roles: Ensure that the user has the necessary permissions to maintain exchange rates and perform related transactions.
  
  By following these steps, you should be able to identify and resolve the issue causing the IDFIHU116 error in your SAP system.