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