How To Fix KF111 - Foreign currency key and exchange rate are incompatible

KF111 - Overview

• Message type: E = Error

• Message class: KF -

• Message number: 111

• Message text: Foreign currency key and exchange rate are incompatible

What causes this issue?

The entries in the fields "Foreign currency key" and "Exchange rate"
are incompatible.

System Response

The system cannot accept these entries.

How to fix this error?

You can only enter an exchange rate if a currency other than the
operating concern currency was entered as the foreign currency key.

Error message extract from SAP system. Copyright SAP SE.

KF111 - Details

• The SAP error message KF111, which states "Foreign currency key and exchange rate are incompatible," typically occurs in the context of financial transactions involving foreign currencies. This error indicates that there is a mismatch between the currency key used in a transaction and the exchange rate that is being applied.
  Causes of Error KF111
  
  Currency Key Mismatch: The currency key specified in the transaction does not match the currency key for which the exchange rate is defined.
  Missing Exchange Rate: The exchange rate for the specified currency pair may not be maintained in the system.
  Incorrect Exchange Rate Type: The exchange rate type being used may not be appropriate for the transaction.
  
  Configuration Issues: There may be configuration issues in the currency settings or exchange rate maintenance in the SAP system.
  Transaction Type: The transaction type may not support the currency or exchange rate being used.
  
  Solutions to Error KF111
  
  
  Check Currency Keys: Verify that the currency key