How To Fix KG014 - Maintain exchange rates for currency translation

SAP Error Message - Details

• 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.

Smart SAP Assistant

• What is the cause and solution for SAP error message KG014 - Maintain exchange rates for currency translation ?

  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 not have an exchange rate defined.
  
  Solution:
  
  
  Maintain Exchange Rates:
  
  Go to the transaction code OB08 (or use the menu path: Accounting > Financial Accounting > General Ledger > Master Data > Currencies > Maintain Exchange Rates).
  Enter the relevant currency pair (e.g., from currency to target currency) and the date range for which you want to maintain the exchange rate.
  Enter the exchange rate and save the changes.
  
  
  
  Check Currency Settings:
  
  Verify the currency settings in the relevant master data (e.g., cost centers, internal orders) to ensure that the correct currencies are being used.
  
  
  
  Review Transaction Dates:
  
  Ensure that the transaction date falls within the range of the maintained exchange rates. If necessary, update the exchange rates to include the required date.
  
  
  
  Use the Correct Currency Type:
  
  Make sure that the currency type used in the transaction is one for which exchange rates have been maintained.
  
  
  
  Related Information:
  
  
  Transaction Codes: 
  
  OB08: Maintain exchange rates.
  OBBS: Display exchange rates.
  OB07: Define currency types.
  
  
  
  Currency Types: SAP allows for different currency types (e.g., 00 for company code currency, 10 for controlling area currency, etc.). Ensure that the correct currency type is being used in your transactions.
  
  
  Documentation: Refer to SAP Help documentation for detailed instructions on maintaining exchange rates and understanding currency settings.
  
  
  Testing: After maintaining the exchange rates, test the transaction again to ensure that the error has been resolved.
  
  
  By following these steps, you should be able to resolve the KG014 error and ensure that your currency translations are functioning correctly in SAP.