How To Fix MQ410 - Exchange rate entered differs from the old value by more than &1%

SAP Error Message - Details

• Message type: E = Error

• Message class: MQ - Messages for Euro Changeover Package

• Message number: 410

• Message text: Exchange rate entered differs from the old value by more than &1%

Self-Explanatory Message

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Smart SAP Assistant

• What is the cause and solution for SAP error message MQ410 - Exchange rate entered differs from the old value by more than &1% ?

  The SAP error message MQ410 indicates that the exchange rate you are trying to enter differs from the previously stored exchange rate by more than a specified percentage (denoted by &1%). This is a validation check to ensure that significant changes in exchange rates are not made without proper review or approval, which can help prevent errors in financial transactions.
  Cause:
  
  Significant Change in Exchange Rate: The new exchange rate you are trying to enter is significantly different from the old rate, exceeding the defined threshold (e.g., 5%).
  Configuration Settings: The percentage threshold for acceptable changes in exchange rates is configured in the system, and the new rate exceeds this limit.
  Data Entry Error: There may be a mistake in the new exchange rate being entered.
  
  Solution:
  
  Review the Exchange Rate: Check the new exchange rate you are trying to enter and compare it with the old rate. Ensure that the new rate is correct and intended.
  Adjust the Rate: If the new rate is indeed correct but exceeds the threshold, you may need to adjust it to be within the acceptable range or consult with your finance team for approval.
  Change Configuration Settings: If necessary, you can adjust the configuration settings for the percentage threshold in the SAP system. This typically requires access to the configuration settings in the SAP system (transaction code SPRO).
  Approval Process: If the change is valid and significant, follow your organization's approval process for large changes in exchange rates.
  Use Transaction Codes: You can use transaction codes like OB08 (for maintaining exchange rates) to review and update exchange rates.
  
  Related Information:
  
  Transaction Codes: Familiarize yourself with relevant transaction codes such as OB08 (Maintain Exchange Rates) and OBBS (Exchange Rate Differences).
  Documentation: Refer to SAP documentation or your organization's internal guidelines for handling exchange rates and related financial transactions.
  Consult with Finance Team: If you are unsure about the validity of the exchange rate or the process to follow, consult with your finance or accounting team for guidance.
  
  By following these steps, you should be able to resolve the MQ410 error and ensure that exchange rates are managed correctly in your SAP system.