How To Fix KI246 - Maintain exchange rate &1/&2 for &3

KI246 - Overview

• Message type: E = Error

• Message class: KI -

• Message number: 246

• Message text: Maintain exchange rate &1/&2 for &3

What causes this issue?

The local currency for the posting is &V2&. For a posting assignment in
CO (for example, a cost center, order, or project), the amount posted
must be convertible to foreign currency &V1&. This is not possible as
no corresponding exchange rate has been maintained.

System Response

This posting is not accepted as long as no exchange rate has been
defined between &V1& and &V2&.

How to fix this error?

Maintain the mean exchange rate of &V1& (foreign currency) to &V2&
(local currency) for &V3& using the customizing function in FI.

Error message extract from SAP system. Copyright SAP SE.

KI246 - Details

• The SAP error message KI246, which states "Maintain exchange rate &1/&2 for &3," typically occurs in the context of controlling (CO) when dealing with currency conversions in SAP. This error indicates that the system is unable to find a valid exchange rate for the specified currency pair and date.
  
  Cause:
  
  Missing Exchange Rate: The primary cause of this error is that there is no exchange rate defined in the system for the specified currency pair (e.g., from currency &1 to currency &2) for the relevant date.
  Incorrect Date: The date for which the exchange rate is being requested may not have a corresponding rate maintained in the system.
  Currency Configuration: There may be issues with the configuration of currencies in the system, such as missing currency types or incorrect settings.
  
  
  Solution:
  To resolve the KI246 error, you can follow these steps:
  
  
  Maintain Exchange Rates:
  
  Go to the transaction code OB08 (or use the menu path: Accounting > Financial