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.

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• 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