How To Fix KB035 - No rate has been found for the translation into report currency

SAP Error Message - Details

• Message type: E = Error

• Message class: KB - Controlling: Reporting

• Message number: 035

• Message text: No rate has been found for the translation into report currency

Self-Explanatory Message

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Smart SAP Assistant

• What is the cause and solution for SAP error message KB035 - No rate has been found for the translation into report currency ?

  The SAP error message KB035, which states "No rate has been found for the translation into report currency," typically occurs during the process of currency translation in financial reporting. This error indicates that the system is unable to find a valid exchange rate for converting amounts from one currency to another, particularly when generating reports in a different currency than the original transaction currency.
  Causes:
  
  Missing Exchange Rate: The most common cause is that there is no exchange rate defined in the system for the specific currency pair (e.g., from the transaction currency to the report currency) for the relevant date.
  Incorrect Date: The exchange rate may not be available for the date of the transaction or the reporting date.
  Currency Configuration: The currencies involved may not be properly configured in the system.
  Transaction Type: The transaction type may not be set up to allow for currency conversion.
  Data Entry Errors: There may be errors in the data entry that lead to the system not recognizing the currencies involved.
  
  Solutions:
  
  
  Check Exchange Rates:
  
  Go to the transaction code OB08 (Maintain Exchange Rates) and verify that the exchange rate for the relevant currency pair exists for the required date.
  If it does not exist, you can enter the appropriate exchange rate.
  
  
  
  Verify Currency Configuration:
  
  Ensure that the currencies involved are correctly configured in the system. Check the settings in the transaction code OB22 (Define Currency Types) to ensure that the currencies are active and properly set up.
  
  
  
  Review Transaction Dates:
  
  Make sure that the transaction date or the reporting date falls within the range of the defined exchange rates. If necessary, update the exchange rates to include the required dates.
  
  
  
  Check Transaction Type Settings:
  
  Review the settings for the specific transaction type to ensure that it allows for currency conversion.
  
  
  
  Consult Documentation:
  
  Refer to SAP documentation or help resources for additional guidance on currency translation and exchange rate maintenance.
  
  
  
  Testing:
  
  After making changes, perform a test run of the report to ensure that the error has been resolved.
  
  
  
  Related Information:
  
  
  Transaction Codes:
  
  OB08: Maintain Exchange Rates
  OB22: Define Currency Types
  FBKP: Document Posting
  FBL1N: Vendor Line Item Display (for checking transactions)
  
  
  
  SAP Notes: Check for any relevant SAP Notes that may address specific issues related to currency translation and exchange rates.
  
  
  User Roles: Ensure that the user has the necessary authorizations to maintain exchange rates and perform currency translations.
  
  
  By following these steps, you should be able to resolve the KB035 error and successfully generate reports in the desired currency.