How To Fix MQ409 - Historical exchange rates for the euro not yet (completely) maintained

SAP Error Message - Details

• Message type: E = Error

• Message class: MQ - Messages for Euro Changeover Package

• Message number: 409

• Message text: Historical exchange rates for the euro not yet (completely) maintained

What causes this issue?

You have started one of the programs which is used for preparing the
local currency changeover. This program checks, among other things,
whether several specific entries exist in your system's currency
Customizing tables which are needed after the local currency
changeover. (Type and meaning of these entries are explained below).

System Response

The system determined that the required entries are not completely
available. In addition, a list of further missing entries was created.
This list is displayed on the following screen.

How to fix this error?

You can simply take over the entries as they are. To do this, choose
"Save" on the following screen.
However, you also have the option of modifying the proposals. Deleting
the proposals does not make sense and is therefore not defined.
If you want to make entries in your currency tables in addition to your
proposals, you must do this using the standard maintenance tools.
&MEANING&

The system issues an error message and will not allow you to continue with this transaction until the error is resolved.

Error message extract from SAP system. Copyright SAP SE.

Smart SAP Assistant

• What is the cause and solution for SAP error message MQ409 - Historical exchange rates for the euro not yet (completely) maintained ?

  The SAP error message MQ409 indicates that historical exchange rates for the euro have not been completely maintained in the system. This error typically arises when the system attempts to perform a currency conversion or financial transaction that requires historical exchange rates, but the necessary data is missing or incomplete.
  Cause:
  
  Incomplete Data Maintenance: The historical exchange rates for the euro have not been fully entered or updated in the system.
  Missing Exchange Rate Records: There may be specific dates or periods for which exchange rates have not been defined.
  Configuration Issues: The configuration settings for currency exchange rates may not be set up correctly.
  
  Solution:
  To resolve the MQ409 error, you can follow these steps:
  
  
  Check Exchange Rate Maintenance:
  
  Go to the transaction code OB08 (Maintain Exchange Rates).
  Verify that the historical exchange rates for the euro (EUR) are maintained for all necessary periods and dates.
  If any rates are missing, enter the required exchange rates.
  
  
  
  Update Historical Rates:
  
  If you find that historical rates are missing, you can either manually enter them or upload them using a data upload tool if you have a large number of rates to maintain.
  
  
  
  Review Configuration:
  
  Ensure that the currency settings in your SAP system are correctly configured. This includes checking the currency types and ensuring that the system is set to use historical rates where necessary.
  
  
  
  Consult Documentation:
  
  Refer to SAP documentation or help resources for guidance on maintaining exchange rates and understanding the implications of missing data.
  
  
  
  Testing:
  
  After making the necessary updates, perform a test transaction to ensure that the error no longer occurs.
  
  
  
  Related Information:
  
  Transaction Codes: 
  
  OB08: Maintain Exchange Rates
  OBBS: Display Exchange Rates
  
  
  Currency Types: Understand the different currency types in SAP (e.g., transaction currency, local currency, and group currency).
  SAP Notes: Check for any relevant SAP Notes that may provide additional guidance or fixes related to exchange rate maintenance.
  Documentation: Review SAP Help Portal for detailed instructions on currency management and exchange rate maintenance.
  
  By following these steps, you should be able to resolve the MQ409 error and ensure that your SAP system has the necessary historical exchange rates for the euro.