How To Fix MQ870 - Exchange rate specification &1/&2: &3 indirect quote only (Note 1076718)

SAP Error Message - Details

• Message type: E = Error

• Message class: MQ - Messages for Euro Changeover Package

• Message number: 870

• Message text: Exchange rate specification &1/&2: &3 indirect quote only (Note 1076718)

What causes this issue?

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

System Response

You want to change the exchange rate manually.

How to fix this error?

The exchange rate is technically saved (corresponding to SAP Note
123467) as a positive value, indirectly quoted. Note the prefix for
price and indirectly quoted exchange rates. Therefore it is corrected
after the error message (multiplied by '-1').
The amounts are calculated as follows (see SAP Note 1076718)
New amount = old amount / indirectly quoted rate
Note the factors and decimal places.

Procedure for System Administrators

Enter the exchange rate indirectly quoted as a positive value.

Error message extract from SAP system. Copyright SAP SE.

Smart SAP Assistant

• What is the cause and solution for SAP error message MQ870 - Exchange rate specification &1/&2: &3 indirect quote only (Note 1076718) ?

  The SAP error message MQ870 indicates an issue with the exchange rate specification in the context of currency conversion. Specifically, it refers to an indirect quote for currency pairs that are not set up correctly in the system. Here’s a breakdown of the cause, solution, and related information for this error:
  Cause:
  The error occurs when you attempt to use an exchange rate that is defined as an indirect quote, but the system is expecting a direct quote or vice versa. This can happen if:
  
  The currency pair is not properly configured in the system.
  The exchange rate type being used does not support the specified currency pair.
  The system is trying to convert currencies using an indirect quote when it is not set up to do so.
  
  Solution:
  To resolve the MQ870 error, you can take the following steps:
  
  
  Check Exchange Rate Configuration:
  
  Go to the transaction code OB08 to view and maintain exchange rates.
  Ensure that the exchange rates for the currency pair in question are correctly defined. Check if the rates are set up as direct or indirect quotes as per your requirements.
  
  
  
  Verify Currency Pair:
  
  Ensure that the currency pair you are trying to use is valid and that both currencies are supported in your system.
  Check if the currency pair is set up for indirect quoting in the system.
  
  
  
  Review Exchange Rate Type:
  
  Make sure that the exchange rate type you are using is appropriate for the currencies involved. You can check this in the configuration settings for exchange rate types.
  
  
  
  Consult Documentation:
  
  Refer to SAP Note 1076718 for detailed information regarding this error message. The note may provide additional insights or specific instructions related to your version of SAP.
  
  
  
  Testing:
  
  After making the necessary adjustments, perform a test transaction to ensure that the error no longer occurs.
  
  
  
  Related Information:
  
  SAP Notes: Always check for the latest SAP Notes related to currency conversion and exchange rates, as they may provide updates or patches that could resolve the issue.
  Currency Configuration: Familiarize yourself with the configuration settings for currencies in SAP, including how to set up direct and indirect quotes.
  Documentation: Review SAP documentation on currency conversion and exchange rate management for best practices and troubleshooting tips.
  
  If the issue persists after following these steps, consider reaching out to your SAP support team or consulting with an SAP expert for further assistance.