How To Fix MQ453 - Confirm maintenance of historical exchange rates for euro

SAP Error Message - Details

• Message type: E = Error

• Message class: MQ - Messages for Euro Changeover Package

• Message number: 453

• Message text: Confirm maintenance of historical exchange rates for euro

What causes this issue?

You have selected the currencies which are to be changed over to the
euro using package &v1&.
You have previously defined that no historical exchange rates are to be
created for the euro for certain exchange rate types which you have
used in your system.
You can reverse this definition at this point either completely or
partially.

System Response

The required historical exchange rates are completely available with
the settings which you have chosen.
If, however, you want to include several exchange rate types in the
maintenance of historical exchange rates, it may be that historical
exchange rates have to be created.

How to fix this error?

If you do not want to change anything about the excepted exchange rate
types, choose Save.
If you want to revise your previous definition, proceed as follows:
Choose <LS>Select exch.rate types</>
Change the exchange rate type selection on the following screen
When you save the changed selection, you return to the display of the
newly added historical exchange rates.
Modify the default values which then appear according to your
requirements.
Save your entries.

Error message extract from SAP system. Copyright SAP SE.

Smart SAP Assistant

• What is the cause and solution for SAP error message MQ453 - Confirm maintenance of historical exchange rates for euro ?

  The SAP error message MQ453, which states "Confirm maintenance of historical exchange rates for euro," typically occurs when there is an issue with the maintenance of historical exchange rates for the Euro currency in the SAP system. This error can arise during various financial transactions, particularly those involving currency conversion or reporting.
  Cause:
  
  Missing Historical Exchange Rates: The system may not have the required historical exchange rates for the Euro, which are necessary for accurate financial reporting and currency conversion.
  Incorrect Configuration: The configuration settings for currency exchange rates may not be set up correctly in the system.
  Data Entry Issues: There may be errors in the data entry process, leading to missing or incorrect exchange rate records.
  Authorization Issues: The user may not have the necessary permissions to access or maintain exchange rate data.
  
  Solution:
  
  
  Maintain Historical Exchange Rates:
  
  Go to the transaction code OB08 (Maintain Exchange Rates).
  Check if the historical exchange rates for the Euro are maintained. If not, you will need to enter the required rates for the relevant periods.
  Ensure that the rates are accurate and cover all necessary dates for your transactions.
  
  
  
  Check Configuration:
  
  Verify the configuration settings for currency types and exchange rate types in the system. Ensure that the Euro is correctly configured as a currency in your financial settings.
  
  
  
  Data Validation:
  
  Review the data entries related to currency transactions to ensure that there are no discrepancies or missing information that could lead to this error.
  
  
  
  User Authorization:
  
  Ensure that the user encountering the error has the appropriate authorizations to maintain exchange rates. If not, contact your SAP security administrator to grant the necessary permissions.
  
  
  
  Consult Documentation:
  
  Refer to SAP documentation or help resources for additional guidance on maintaining exchange rates and resolving related issues.
  
  
  
  Related Information:
  
  Transaction Codes: Familiarize yourself with relevant transaction codes such as OB08 (Maintain Exchange Rates), OBBS (Maintain Exchange Rate Types), and others related to currency management.
  SAP Notes: Check for any SAP Notes related to this error message for specific patches or updates that may address the issue.
  Support: If the problem persists after following the above steps, consider reaching out to SAP support for further assistance.
  
  By following these steps, you should be able to resolve the MQ453 error and ensure that historical exchange rates for the Euro are properly maintained in your SAP system.