How To Fix MQ457 - You can only enter directly quoted exchange rates

SAP Error Message - Details

• Message type: E = Error

• Message class: MQ - Messages for Euro Changeover Package

• Message number: 457

• Message text: You can only enter directly quoted exchange rates

Self-Explanatory Message

Since SAP believes that this specific error message is 'self-explanatory,' no more information has been given.The majority of messages in the SAP system have a message text, however this is frequently insufficient to comprehend or resolve the problem.

To make things easier, more detailed information is frequently added to describe the issue, how to fix it, and the necessary steps or configuration modifications.

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Smart SAP Assistant

• What is the cause and solution for SAP error message MQ457 - You can only enter directly quoted exchange rates ?

  The SAP error message MQ457, "You can only enter directly quoted exchange rates," typically occurs when you are trying to enter an exchange rate that is not in the correct format or type expected by the system. This error is often encountered in the context of foreign currency transactions, particularly when dealing with exchange rate types.
  
  Cause:
  
  Incorrect Exchange Rate Type: The system expects a directly quoted exchange rate (where the foreign currency is quoted in terms of the local currency) but you may be trying to enter an indirectly quoted rate (where the local currency is quoted in terms of the foreign currency).
  
  Configuration Issues: The exchange rate type you are using may not be configured correctly in the system.
  Data Entry Error: There may be a simple mistake in how the exchange rate is being entered, such as using the wrong currency pair.
  
  
  Solution:
  
  Check Exchange Rate Type: Ensure that you are using the