How To Fix KF113 - An exchange rate of &3 is defined for translation from &1 to &2

SAP Error Message - Details

• Message type: E = Error

• Message class: KF -

• Message number: 113

• Message text: An exchange rate of &3 is defined for translation from &1 to &2

What causes this issue?

The exchange rate for translation from &V1& to &V2& is fixed and cannot
be changed.

How to fix this error?

Delete your entry in the exchange rate field.

Error message extract from SAP system. Copyright SAP SE.

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• What is the cause and solution for SAP error message KF113 - An exchange rate of &3 is defined for translation from &1 to &2 ?

  The SAP error message KF113 indicates that there is an issue with the exchange rate defined for currency translation in your SAP system. Specifically, it means that the system is unable to find a valid exchange rate for the specified currencies during a currency conversion process.
  Cause:
  
  Missing Exchange Rate: The most common cause of this error is that there is no exchange rate defined for the specified currency pair (from &1 to &2) for the required date.
  Incorrect Date: The exchange rate may not be valid for the date of the transaction or reporting period.
  Configuration Issues: There may be issues with the configuration of the currency translation settings in the system.
  Currency Type: The currency type used may not have a corresponding exchange rate defined.
  
  Solution:
  
  
  Check Exchange Rates:
  
  Go to the transaction code OB08 (Maintain Exchange Rates) in SAP.
  Verify if there is an exchange rate defined for the currency pair (from &1 to &2) for the relevant date.
  If not, you will need to enter the appropriate exchange rate.
  
  
  
  Update Exchange Rates:
  
  If the exchange rate is missing, you can add it by entering the required currency pair and the corresponding rate.
  Ensure that the rate is valid for the date range you are working with.
  
  
  
  Review Configuration:
  
  Check the configuration settings for currency translation in your SAP system to ensure they are set up correctly.
  Make sure that the currency types are correctly defined and that they correspond to the exchange rates.
  
  
  
  Check Transaction Dates:
  
  Ensure that the transaction or reporting date falls within the range of valid exchange rates.
  
  
  
  Consult Documentation:
  
  If you are unsure about the correct exchange rates or configuration, consult your SAP documentation or reach out to your SAP support team for assistance.
  
  
  
  Related Information:
  
  Currency Types: Understand the different currency types (e.g., transaction currency, local currency, group currency) and how they affect exchange rate definitions.
  Exchange Rate Types: Familiarize yourself with the different exchange rate types (e.g., M for average rate, B for bank buying rate) and their usage in your organization.
  SAP Notes: Check for any relevant SAP Notes that may address specific issues related to exchange rates and currency translation.
  
  By following these steps, you should be able to resolve the KF113 error and ensure that the necessary exchange rates are in place for your currency translations.