How To Fix MQ405 - Currency key and exchange rate type for the euro cannot be determined

SAP Error Message - Details

• Message type: E = Error

• Message class: MQ - Messages for Euro Changeover Package

• Message number: 405

• Message text: Currency key and exchange rate type for the euro cannot be determined

What causes this issue?

The following data should be determined automatically:
The currency key which you use for the euro
The exchange rate type for the legal translation between EMU national
curencies.

System Response

Several currency keys or exchange rate types which fulfill these
criteria were found.

How to fix this error?

Enter the currency key and exchange rate type which you use for the
euro in the GET_EURO_CODES form routine (Include: EWUSTDGR)
Activate the fixed assignment to the D_EUROCODE and D_EUROEXTYP
variables.

Error message extract from SAP system. Copyright SAP SE.

Smart SAP Assistant

• What is the cause and solution for SAP error message MQ405 - Currency key and exchange rate type for the euro cannot be determined ?

  The SAP error message MQ405 indicates that the system is unable to determine the currency key and exchange rate type for the euro. This typically occurs in scenarios involving currency conversion or when processing transactions that involve multiple currencies.
  Cause:
  
  Missing Configuration: The currency key for the euro (EUR) may not be properly configured in the system. This can happen if the currency is not defined in the relevant tables or if the exchange rate type is not set up correctly.
  Exchange Rate Type: The exchange rate type that is being used may not be defined for the euro, or there may be no valid exchange rates available for the specified date.
  Master Data Issues: The master data for the relevant financial documents may not have the correct currency settings.
  Transaction Settings: The transaction being processed may not have the necessary settings to handle euro currency transactions.
  
  Solution:
  
  
  Check Currency Configuration:
  
  Go to the transaction code OB08 to check the exchange rates. Ensure that there is a valid exchange rate for the euro (EUR) for the relevant exchange rate type and date.
  Verify that the euro is defined in the currency settings. You can check this in the transaction code OBY6 (for company code settings) or OB22 (for controlling area settings).
  
  
  
  Review Exchange Rate Types:
  
  Ensure that the exchange rate type you are using is correctly defined and that it includes the euro. You can check this in the transaction code OB07.
  
  
  
  Check Master Data:
  
  Review the master data for the relevant accounts or documents to ensure that they are set up to handle euro transactions correctly.
  
  
  
  Transaction Settings:
  
  If you are processing a specific transaction, check the settings and parameters to ensure that they are configured to handle euro currency.
  
  
  
  Consult Documentation:
  
  If the issue persists, consult SAP documentation or reach out to your SAP support team for further assistance.
  
  
  
  Related Information:
  
  
  Transaction Codes:
  
  OB08: Maintain exchange rates
  OB07: Define exchange rate types
  OBY6: Company code settings for currencies
  OB22: Controlling area settings for currencies
  
  
  
  SAP Notes: Check for any relevant SAP Notes that may address this specific error or provide additional troubleshooting steps.
  
  
  User Roles: Ensure that the user has the necessary authorizations to view and modify currency and exchange rate settings.
  
  
  By following these steps, you should be able to resolve the MQ405 error and ensure that the euro currency is properly configured in your SAP system.