How To Fix KB197 - No valid exchange rate found for currency translation &1 to &2

SAP Error Message - Details

• Message type: E = Error

• Message class: KB - Controlling: Reporting

• Message number: 197

• Message text: No valid exchange rate found for currency translation &1 to &2

What causes this issue?

The executed report displays, among other things, costs in a target
currency you specified on the <DS:SIMG.SIMG_ORKS_SELEK_RPCN>selection
screen</>. During the translation of the posted data from &V1& to &V2&,
however, the system could not find a valid exchange rate for exchange
rate date &V3& and for exchange rate type &V4&.

System Response

The report could not be executed.

How to fix this error?

Check your entries for the target currency, for the exchange rate date
and for the exchange rate type as well as the exchange rates stored in
the system.

Error message extract from SAP system. Copyright SAP SE.

Smart SAP Assistant

• What is the cause and solution for SAP error message KB197 - No valid exchange rate found for currency translation &1 to &2 ?

  The SAP error message KB197 "No valid exchange rate found for currency translation &1 to &2" typically occurs when the system is unable to find a valid exchange rate for converting one currency to another. This can happen in various scenarios, such as during the posting of financial documents, currency translations in reports, or when executing currency-related transactions.
  Causes:
  
  Missing Exchange Rate: The most common cause is that there is no exchange rate defined in the system for the specified currency pair (from currency &1 to target currency &2) for the relevant date.
  Incorrect Date: The exchange rate might not be valid for the date of the transaction. Exchange rates are often defined for specific periods, and if the date falls outside this range, the system will not find a valid rate.
  Currency Configuration: The currencies involved may not be properly configured in the system, or they may not be set up for currency translation.
  Exchange Rate Type: The exchange rate type being used may not have the required rates defined.
  Data Entry Errors: There may be a typo or error in the currency codes being used.
  
  Solutions:
  
  
  Check Exchange Rates:
  
  Go to the transaction code OB08 (Maintain Exchange Rates) and verify if there is a valid exchange rate for the currency pair in question for the relevant date.
  If not, you can enter the required exchange rate.
  
  
  
  Verify Date:
  
  Ensure that the date of the transaction or the date for which you are trying to perform the currency conversion falls within the range of valid exchange rates.
  
  
  
  Review Currency Configuration:
  
  Check the configuration of the currencies involved to ensure they are correctly set up in the system. This can be done in the transaction code OB22 (Define Currency Types).
  
  
  
  Check Exchange Rate Type:
  
  Ensure that the exchange rate type being used in the transaction has the necessary rates defined. You can check this in the configuration settings.
  
  
  
  Correct Data Entry:
  
  Double-check the currency codes being used in the transaction to ensure they are correct and match the codes defined in the system.
  
  
  
  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
  OB22: Define Currency Types
  FB01: Post Document (to test if the issue persists)
  
  
  
  SAP Notes: Check for any relevant SAP Notes that might address specific issues related to currency translation and exchange rates.
  
  
  User Authorization: Ensure that you have the necessary authorizations to view and maintain exchange rates in the system.
  
  
  By following these steps, you should be able to identify and resolve the issue related to the KB197 error message in SAP.