How To Fix ME567 - Please enter an exchange rate type

SAP Error Message - Details

• Message type: E = Error

• Message class: ME - Purchasing: General Messages

• Message number: 567

• Message text: Please enter an 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.

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Smart SAP Assistant

• What is the cause and solution for SAP error message ME567 - Please enter an exchange rate type ?

  The SAP error message ME567, which states "Please enter an exchange rate type," typically occurs in the context of purchasing documents, such as purchase orders or contracts, when the system requires an exchange rate type to be specified for currency conversion.
  Cause:
  
  Missing Exchange Rate Type: The most common cause of this error is that the exchange rate type has not been specified in the relevant field. This can happen if the currency of the document differs from the local currency and an exchange rate is needed for conversion.
  Configuration Issues: There may be configuration issues in the system where the exchange rate types are not properly defined or maintained.
  Document Type Settings: Certain document types may require an exchange rate type to be specified, and if it is not set up correctly, this error can occur.
  
  Solution:
  
  
  Enter Exchange Rate Type: When prompted with the error, you should enter a valid exchange rate type in the relevant field. Common exchange rate types include:
  
  M (Average rate)
  G (Historical rate)
  B (Bank buying rate)
  S (Bank selling rate)
  
  You can check the available exchange rate types in the system by navigating to the relevant configuration settings or by consulting with your SAP administrator.
  
  
  Check Document Settings: Ensure that the document type you are working with is configured to require an exchange rate type. You may need to consult with your SAP configuration team to verify this.
  
  
  Maintain Exchange Rate Types: If the exchange rate types are not maintained in the system, you can do this by:
  
  Navigating to the transaction code OB08 (Maintain Exchange Rates).
  Ensure that the necessary exchange rates and types are defined for the currencies you are working with.
  
  
  
  User Authorization: Ensure that you have the necessary authorizations to enter or modify exchange rate types in the system.
  
  
  Related Information:
  
  
  Transaction Codes: 
  
  OB08: To maintain exchange rates.
  ME21N: To create a purchase order where this error might occur.
  
  
  
  SAP Notes: Check for any relevant SAP Notes that might address specific issues related to exchange rate types and purchasing documents.
  
  
  Documentation: Refer to SAP Help documentation for more details on currency management and exchange rate types.
  
  
  If the issue persists after trying the above solutions, it may be beneficial to consult with your SAP support team or refer to SAP community forums for additional insights.