How To Fix JSEL031 - Cannot find exchange rate for transaction &1 in currency &2

SAP Error Message - Details

• Message type: E = Error

• Message class: JSEL - Error messages selection

• Message number: 031

• Message text: Cannot find exchange rate for transaction &1 in currency &2

Self-Explanatory Message

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Smart SAP Assistant

• What is the cause and solution for SAP error message JSEL031 - Cannot find exchange rate for transaction &1 in currency &2 ?

  The SAP error message JSEL031 indicates that the system cannot find an exchange rate for a specific transaction in a given currency. This typically occurs when a transaction is being processed that requires currency conversion, but the necessary exchange rate is not available in the system for the specified date or currency pair.
  Cause:
  
  Missing Exchange Rate: The exchange rate for the specified currency pair (from currency to to currency) is not maintained in the system.
  Incorrect Date: The exchange rate may not be available for the date of the transaction. Exchange rates are often maintained for specific periods, and if the transaction date falls outside of this range, the system will not find a valid rate.
  Currency Configuration: The currencies involved may not be properly configured in the system, or the currency pair may not be supported.
  Transaction Type: The transaction type may not be set up to allow for currency conversion, or it may be using an incorrect currency.
  
  Solution:
  
  
  Maintain Exchange Rates:
  
  Go to the transaction code OB08 (or the relevant transaction for maintaining exchange rates).
  Check if the exchange rate for the specified currency pair exists for the date of the transaction.
  If it does not exist, you will need to enter the appropriate exchange rate for the required date.
  
  
  
  Check Transaction Date:
  
  Verify that the transaction date is correct and falls within the range of dates for which exchange rates are maintained.
  
  
  
  Review Currency Configuration:
  
  Ensure that both currencies involved in the transaction are correctly configured in the system.
  Check if the currency pair is supported and that there are no issues with the currency settings.
  
  
  
  Consult Documentation:
  
  Review any relevant documentation or configuration guides for your specific SAP implementation to ensure that all necessary settings are in place.
  
  
  
  Testing:
  
  After making changes, test the transaction again to see if the error persists.
  
  
  
  Related Information:
  
  Transaction Codes: 
  
  OB08: Maintain exchange rates.
  OBBS: Display exchange rates.
  
  
  Currency Types: Ensure that the currency types (e.g., transaction currency, local currency) are correctly set up in the relevant configuration.
  SAP Notes: Check for any SAP Notes related to currency conversion issues or specific error messages that may provide additional insights or solutions.
  
  If the issue persists after following these steps, it may be beneficial to consult with your SAP support team or refer to SAP's official documentation for further assistance.