How To Fix MY042 - Enter one of the allowed exchange rate comparison options

SAP Error Message - Details

• Message type: E = Error

• Message class: MY - Messages for Balance Sheet Valuation(Low.Val.Det./LIFO/FIFO)

• Message number: 042

• Message text: Enter one of the allowed exchange rate comparison options

Self-Explanatory Message

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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 MY042 - Enter one of the allowed exchange rate comparison options ?

  The SAP error message MY042 ("Enter one of the allowed exchange rate comparison options") typically occurs in the context of foreign currency valuation or when dealing with exchange rates in SAP. This error indicates that the system expects a specific input related to exchange rate comparison options, but the input provided does not meet the required criteria.
  Cause:
  The error is usually caused by one of the following reasons:
  
  Invalid Input: The user has entered an invalid or unsupported option for the exchange rate comparison.
  Configuration Issues: The system may not be properly configured to recognize the exchange rate comparison options.
  Missing Parameters: Required parameters for the exchange rate comparison may not have been set or are missing.
  
  Solution:
  To resolve the MY042 error, you can take the following steps:
  
  
  Check Input Values:
  
  Ensure that you are entering one of the allowed exchange rate comparison options. Typically, these options might include:
  
  Current exchange rate
  Historical exchange rate
  Average exchange rate
  
  
  Refer to the documentation or help text in the SAP system to confirm the valid options.
  
  
  
  Review Configuration:
  
  Check the configuration settings in the SAP system related to currency valuation and exchange rates. This can usually be found in the Financial Accounting (FI) module under the settings for currency translation.
  Ensure that the exchange rate types and comparison options are correctly defined.
  
  
  
  Consult Documentation:
  
  Look into the SAP Help Portal or relevant documentation for your specific version of SAP to understand the context of the error and the allowed options.
  
  
  
  User Authorization:
  
  Ensure that you have the necessary authorizations to perform the transaction that is generating the error. Sometimes, lack of permissions can lead to unexpected errors.
  
  
  
  Contact Support:
  
  If the issue persists after checking the above points, consider reaching out to your SAP support team or consulting with SAP support for further assistance.
  
  
  
  Related Information:
  
  
  Transaction Codes: The error may occur in various transaction codes related to currency valuation, such as:
  
  FAGL_FCV (Foreign Currency Valuation)
  F.05 (Foreign Currency Valuation)
  
  
  
  SAP Notes: Check for any relevant SAP Notes that might address this specific error or provide additional context.
  
  
  User Forums: Consider visiting SAP community forums or user groups where similar issues may have been discussed, and solutions shared.
  
  
  By following these steps, you should be able to identify the cause of the MY042 error and implement a solution to resolve it.