How To Fix JBD_MD001 - Exchange rate not found: &1/&2 rate type: &3 date: &4

SAP Error Message - Details

• Message type: E = Error

• Message class: JBD_MD - Messages for Market Data API

• Message number: 001

• Message text: Exchange rate not found: &1/&2 rate type: &3 date: &4

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.

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Smart SAP Assistant

• What is the cause and solution for SAP error message JBD_MD001 - Exchange rate not found: &1/&2 rate type: &3 date: &4 ?

  The SAP error message JBD_MD001 indicates that the system could not find an exchange rate for the specified currency pair, rate type, and date. This error typically occurs in the context of financial transactions, such as when trying to post a journal entry or perform currency conversion.
  Cause:
  
  Missing Exchange Rate: The primary cause of this error is that there is no exchange rate defined in the system for the specified currency pair (e.g., from currency &1 to currency &2) for the given date &4 and rate type &3.
  Incorrect Date: The date specified may not have a valid exchange rate, either because it is in the future or because the rates have not been updated for that date.
  Incorrect Rate Type: The rate type specified may not be set up correctly or may not have any rates defined for the currency pair.
  Configuration Issues: There may be configuration issues in the currency settings or exchange rate types in the SAP system.
  
  Solution:
  
  
  Check Exchange Rates:
  
  Go to the transaction code OB08 (Maintain Exchange Rates) in SAP.
  Verify if there is an exchange rate defined for the currency pair (from currency &1 to currency &2) for the specified date &4 and rate type &3.
  If the rate is missing, you can enter the required exchange rate for the specified date and rate type.
  
  
  
  Update Exchange Rates:
  
  If you need to update or enter new exchange rates, ensure that you have the necessary authorizations to do so.
  You can also consider using the transaction OBBS to upload exchange rates in bulk if you have many rates to enter.
  
  
  
  Check Configuration:
  
  Ensure that the rate type you are using is correctly configured in the system. You can check this in the configuration settings under Financial Accounting (FI) > Financial Accounting Global Settings > Currencies > Define Exchange Rate Types.
  Make sure that the rate type is active and properly linked to the currencies you are working with.
  
  
  
  Review Date Settings:
  
  Ensure that the date you are using is valid and that the exchange rates have been maintained for that date. If you are working with future dates, you may need to enter the rates in advance.
  
  
  
  Consult Documentation:
  
  If you are unsure about the rate types or how to maintain exchange rates, refer to SAP documentation or consult with your SAP support team for guidance.
  
  
  
  Related Information:
  
  Transaction Codes:
  
  OB08: Maintain Exchange Rates
  OBBS: Upload Exchange Rates
  OB07: Define Exchange Rate Types
  
  
  SAP Notes: Check for any relevant SAP Notes that may address specific issues related to exchange rates or this error message.
  User Authorizations: Ensure that you have the necessary permissions to view and maintain exchange rates in the system.
  
  By following these steps, you should be able to resolve the JBD_MD001 error and ensure that the necessary exchange rates are available for your transactions.