How To Fix KG014 - Maintain exchange rates for currency translation

KG014 - Overview

• Message type: E = Error

• Message class: KG - CO-PA Planning

• Message number: 014

• Message text: Maintain exchange rates for currency translation

What causes this issue?

In this transaction, plan data is created in currency &V1& and
translated into local currency &V2& before being saved on the data
base. Exchange rate type &V3& is defined as a version attribute for the
plan version. Currency translation is based on a period rate using the
first day of the period.

How to fix this error?

Maintain the exchange rate table in CO-PA Customizing under
"Environment -> Currency translation". Enter exchange rate type &V3&,
from currency &V1& and to currency &V2&.

Error message extract from SAP system. Copyright SAP SE.

KG014 - Details

• The SAP error message KG014, which states "Maintain exchange rates for currency translation," typically occurs when the system is unable to find the necessary exchange rates for currency conversion in the context of a specific transaction or report. This error is often encountered in the context of controlling (CO) or financial accounting (FI) modules when dealing with multiple currencies.
  
  Cause:
  
  Missing Exchange Rates: The most common cause is that the required exchange rates for the currencies involved in the transaction have not been maintained in the system.
  Incorrect Currency Settings: The currency settings in the master data or transaction may not be configured correctly.
  Date Issues: The exchange rates may not be valid for the date of the transaction. Exchange rates are often maintained for specific periods, and if the transaction date falls outside of this range, the system will not find a valid rate.
  Currency Type: The currency type used in the transaction may