How To Fix LSOPV862 - Exchange rate of currency &1 not defined in reference currency &2

SAP Error Message - Details

• Message type: E = Error

• Message class: LSOPV - Training Management (Copy of Message Class PV)

• Message number: 862

• Message text: Exchange rate of currency &1 not defined in reference currency &2

What causes this issue?

When creating a list sorted by individual prices, the system determines
the currency most frequently used.
All individual prices whose currency does not correspond to the
reference currency, are converted. Then, the course participants are
listed in descending order according to the individual prices in the
reference currency.

How to fix this error?

Please maintain the corresponding exchange rate.

Error message extract from SAP system. Copyright SAP SE.

Smart SAP Assistant

• What is the cause and solution for SAP error message LSOPV862 - Exchange rate of currency &1 not defined in reference currency &2 ?

  The SAP error message LSOPV862 indicates that there is an issue with the exchange rate for a specific currency in relation to a reference currency. This error typically arises when the system is unable to find a defined exchange rate for the specified currency pair in the context of a transaction or report.
  Cause:
  
  Missing Exchange Rate: The primary cause of this error is that the exchange rate for the currency specified (denoted as &1) against the reference currency (denoted as &2) has not been defined in the system.
  Incorrect Configuration: There may be a configuration issue in the currency settings or exchange rate types.
  Date Issues: The exchange rate may not be defined for the specific date of the transaction. Exchange rates can be time-sensitive, and if the date falls outside the range of defined rates, this error can occur.
  Currency Type: The currency type being used may not be set up correctly in the system.
  
  Solution:
  
  
  Define Exchange Rate:
  
  Go to the transaction code OB08 (Maintain Exchange Rates).
  Check if the exchange rate for the currency pair (from &1 to &2) is defined.
  If it is not defined, you will need to enter the appropriate exchange rate for the relevant date.
  
  
  
  Check Exchange Rate Type:
  
  Ensure that the correct exchange rate type is being used in your transaction. Different types of exchange rates (e.g., M for average rates, G for historical rates) may be defined in the system.
  
  
  
  Review Date Settings:
  
  Verify that the date of the transaction falls within the range of defined exchange rates. If necessary, add the exchange rate for the required date.
  
  
  
  Currency Configuration:
  
  Check the configuration settings for currencies in your SAP system. Ensure that the currencies involved are correctly set up in the system.
  
  
  
  Consult Documentation:
  
  If you are unsure about the exchange rates or how to set them up, refer to SAP documentation or consult with your SAP functional consultant.
  
  
  
  Related Information:
  
  
  Transaction Codes:
  
  OB08: Maintain Exchange Rates
  OBBS: Maintain Exchange Rate Types
  OB07: Define Exchange Rate Types
  
  
  
  SAP Notes: Check for any relevant SAP Notes that may address specific issues related to exchange rates and currency configuration.
  
  
  User Roles: Ensure that you have the necessary authorizations to maintain exchange rates in the system.
  
  
  By following these steps, you should be able to resolve the LSOPV862 error and ensure that the necessary exchange rates are defined in your SAP system.