How To Fix MN649 - No translations with fixed exchange rate defined

SAP Error Message - Details

• Message type: E = Error

• Message class: MN - Message class for subsequent settlement (Purchasing)

• Message number: 649

• Message text: No translations with fixed exchange rate defined

What causes this issue?

No currencies (source and target currency) with fixed conversion
exchange rates (i.e. currencies for European Monetory Union) exist.

System Response

How to fix this error?

Check your system settings. If necessary, contact your system
administrator who will be able to make the correct settings.

Error message extract from SAP system. Copyright SAP SE.

Smart SAP Assistant

• What is the cause and solution for SAP error message MN649 - No translations with fixed exchange rate defined ?

  The SAP error message MN649 ("No translations with fixed exchange rate defined") typically occurs in the context of currency translation in SAP, particularly when dealing with foreign currency valuations or when trying to perform currency conversions in financial transactions. This error indicates that the system cannot find a defined translation for the specified currency pair using a fixed exchange rate.
  Cause:
  
  
  Missing Exchange Rate: The primary cause of this error is that there is no fixed exchange rate defined for the currency pair you are trying to use. This can happen if the exchange rate has not been maintained in the system for the relevant currencies.
  
  
  Incorrect Configuration: The configuration settings for currency translation may not be set up correctly, leading to the system being unable to find the necessary translation.
  
  
  Date Issues: The exchange rate might not be valid for the date of the transaction or valuation. Exchange rates are often maintained with specific validity periods.
  
  
  Solution:
  
  
  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).
  Check if the fixed exchange rate for the relevant currency pair is defined. If not, you will need to enter the appropriate exchange rate.
  
  
  
  Check Validity Dates:
  
  Ensure that the exchange rate you are trying to use is valid for the date of the transaction. If the rate is not valid for that date, you may need to adjust the date or enter a new rate.
  
  
  
  Review Configuration:
  
  If you are using a specific currency translation method, ensure that it is correctly configured in the system. This may involve checking the settings in the relevant configuration areas (e.g., Financial Accounting, Controlling).
  
  
  
  Use Transaction Codes:
  
  You can also use transaction codes like OBBS to check the settings for currency translation and ensure that the necessary configurations are in place.
  
  
  
  Consult Documentation:
  
  If you are unsure about the configuration or maintenance of exchange rates, refer to SAP documentation or consult with your SAP Basis or Finance team for assistance.
  
  
  
  Related Information:
  
  Transaction Codes: OB08 (Maintain Exchange Rates), OBBS (Currency Translation), OBA1 (Define Exchange Rate Types).
  Currency Types: Ensure you are aware of the different types of exchange rates (e.g., spot rates, average rates) and how they are used in your organization.
  SAP Notes: Check for any relevant SAP Notes that may address specific issues or provide additional guidance related to currency translation and exchange rates.
  
  By following these steps, you should be able to resolve the MN649 error and ensure that your currency translations are functioning correctly in SAP.