How To Fix MQ013 - Maintain fixed exchange rate with at least six places

SAP Error Message - Details

• Message type: E = Error

• Message class: MQ - Messages for Euro Changeover Package

• Message number: 013

• Message text: Maintain fixed exchange rate with at least six places

What causes this issue?

You have entered an exchange rate of less than 1.

System Response

Exchange rates are managed with a maximum of four places before the
decimal point and five decimal places. It is a legal requirement that
six places are used for EMU exchange rates. You must therefore maintain
the exchange rates with at least one place before the decimal point.

How to fix this error?

Move the decimal point in the exchange rate one or more places to the
right and increase the translation ratio accordingly. You can improve
your entry, for example, in the following way: &v1& euro = &v2& * &v3&
&v4&.

Error message extract from SAP system. Copyright SAP SE.

Smart SAP Assistant

• What is the cause and solution for SAP error message MQ013 - Maintain fixed exchange rate with at least six places ?

  The SAP error message MQ013 ("Maintain fixed exchange rate with at least six places") typically occurs in the context of foreign currency exchange rates in SAP. This error indicates that the fixed exchange rate you are trying to maintain or enter does not have enough decimal places. Specifically, SAP requires that fixed exchange rates be defined with at least six decimal places for accuracy in financial calculations.
  Cause:
  The error is triggered when:
  
  You attempt to enter a fixed exchange rate with fewer than six decimal places.
  The system settings or configuration for currency exchange rates are not aligned with the required precision.
  
  Solution:
  To resolve the MQ013 error, you should ensure that the fixed exchange rate you are entering has at least six decimal places. Here are the steps to do this:
  
  
  Check the Exchange Rate Entry:
  
  Go to the transaction where you are entering the exchange rate (e.g., transaction OB08 for maintaining exchange rates).
  Ensure that the exchange rate is entered with at least six decimal places. For example, instead of entering 1.2345, you should enter 1.234500.
  
  
  
  Adjust Configuration (if necessary):
  
  If you are consistently encountering this issue, you may want to check the configuration settings for currency exchange rates in your SAP system.
  You can do this by navigating to the relevant configuration settings in the SAP IMG (Implementation Guide) under Financial Accounting (FI) > Financial Accounting Global Settings > Currencies > Define Fixed Exchange Rates.
  
  
  
  Consult Documentation:
  
  Review SAP documentation or help files related to currency settings to ensure compliance with the required formats.
  
  
  
  Testing:
  
  After making the necessary adjustments, try to enter the exchange rate again to confirm that the error has been resolved.
  
  
  
  Related Information:
  
  Currency Configuration: Ensure that your currency settings in SAP are correctly configured to handle the required precision for your business needs.
  Decimal Places in Currencies: The number of decimal places for currencies can be defined in the currency settings. Make sure that the currencies you are working with are set up to allow for six decimal places.
  SAP Notes: Check for any relevant SAP Notes that may provide additional guidance or updates related to this error message.
  
  By following these steps, you should be able to resolve the MQ013 error and maintain fixed exchange rates correctly in your SAP system.