How To Fix MDIF058 - Unknown exchange rate type &.

SAP Error Message - Details

• Message type: E = Error

• Message class: MDIF - Treasury Market Data Message Class (TMDMC)

• Message number: 058

• Message text: Unknown exchange rate type &.

Self-Explanatory Message

Since SAP believes that this specific error message is 'self-explanatory,' no more information has been given.The majority of messages in the SAP system have a message text, however this is frequently insufficient to comprehend or resolve the problem.

To make things easier, more detailed information is frequently added to describe the issue, how to fix it, and the necessary steps or configuration modifications.

Unfortunately, there isn't any extra information in this error notice.

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Smart SAP Assistant

• What is the cause and solution for SAP error message MDIF058 - Unknown exchange rate type &. ?

  The SAP error message MDIF058 "Unknown exchange rate type &." typically occurs when the system encounters an exchange rate type that is not defined or recognized in the system. This can happen in various scenarios, such as during the processing of financial transactions, currency conversions, or when working with materials that involve different currencies.
  Cause:
  
  Undefined Exchange Rate Type: The exchange rate type specified in the transaction or configuration does not exist in the system.
  Incorrect Configuration: The exchange rate type may not have been properly configured in the system settings.
  Data Entry Error: There may be a typo or incorrect entry in the field where the exchange rate type is specified.
  Missing Customization: If the exchange rate type is a custom one, it may not have been set up correctly in the system.
  
  Solution:
  
  
  Check Exchange Rate Type:
  
  Go to the transaction code OB08 (Maintain Exchange Rates) and verify if the exchange rate type in question is listed.
  If it is not listed, you may need to create it or correct the entry.
  
  
  
  Configuration:
  
  Ensure that the exchange rate type is properly configured in the system. This includes checking the settings in the relevant configuration areas (e.g., Financial Accounting, Controlling).
  You can check the configuration using transaction code SPRO and navigating to the appropriate path for currency settings.
  
  
  
  Correct Data Entry:
  
  Review the transaction or document where the error occurred and ensure that the exchange rate type is entered correctly without any typos.
  
  
  
  Custom Exchange Rate Types:
  
  If you are using a custom exchange rate type, ensure that it has been defined and activated in the system. You may need to consult with your SAP administrator or technical team to verify this.
  
  
  
  Consult Documentation:
  
  Refer to SAP documentation or help resources for additional guidance on managing exchange rates and related configurations.
  
  
  
  Related Information:
  
  
  Transaction Codes:
  
  OB08: Maintain Exchange Rates
  SPRO: Customizing Implementation Guide
  OB07: Define Exchange Rate Types
  
  
  
  SAP Notes: Check SAP Notes for any known issues or updates related to exchange rate types and the specific error message.
  
  
  User Roles: Ensure that the user has the necessary authorizations to access and modify exchange rate settings.
  
  
  By following these steps, you should be able to identify the cause of the MDIF058 error and implement the necessary solutions to resolve it. If the issue persists, consider reaching out to your SAP support team for further assistance.