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

SAP Error Message - Details

• 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.

Smart SAP Assistant

• What is the cause and solution for SAP error message KI246 - Maintain exchange rate &1/&2 for &3 ?

  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 Accounting > General Ledger > Master Data > Currencies > Maintain Exchange Rates).
  Enter the required currency pair (from currency &1 to currency &2) and the relevant date.
  If the exchange rate is missing, add the appropriate exchange rate for the specified date.
  
  
  
  Check Existing Rates:
  
  Review the existing exchange rates to ensure that they are correctly maintained for the required currency pair and date.
  Ensure that the rates are valid and not expired.
  
  
  
  Currency Configuration:
  
  Verify the configuration of currencies in your SAP system. Ensure that the currencies involved are correctly set up in the system.
  Check if the currency types are correctly defined and that the currencies are active.
  
  
  
  Consult Documentation:
  
  If you are unsure about the correct exchange rates or configurations, consult your financial team or refer to SAP documentation for guidance on maintaining exchange rates.
  
  
  
  Testing:
  
  After maintaining the exchange rates, test the transaction again to ensure that the error is resolved.
  
  
  
  Related Information:
  
  Transaction Codes: 
  
  OB08: Maintain Exchange Rates
  OBBS: Display Exchange Rates
  
  
  Currency Types: Ensure that the currency types used in your transactions are correctly defined in the system.
  SAP Notes: Check for any relevant SAP Notes that may provide additional insights or solutions related to this error message.
  
  By following these steps, you should be able to resolve the KI246 error and ensure that the necessary exchange rates are maintained in your SAP system.