How To Fix MZ049 - Maintain currency and exchange rate type

SAP Error Message - Details

• Message type: E = Error

• Message class: MZ - Message for the EWS in LIS

• Message number: 049

• Message text: Maintain currency and exchange rate type

What causes this issue?

Currency or exchange rate type are not maintained.
When maintaining group exceptions, you must specify the analysis
currency and exchange rate type.
When maintaining individual exceptions, specifying the analysis
currency and exchange rate type is necessary if your exception has
requirements for key figures in currency.

How to fix this error?

Maintain currency and exchange rate type.

Error message extract from SAP system. Copyright SAP SE.

Smart SAP Assistant

• What is the cause and solution for SAP error message MZ049 - Maintain currency and exchange rate type ?

  The SAP error message MZ049, which states "Maintain currency and exchange rate type," typically occurs when there is an issue with the configuration of currency settings in the system. This error is often encountered in the context of materials management, particularly when dealing with purchasing documents, inventory valuation, or financial transactions that involve multiple currencies.
  Cause:
  
  Missing Currency Configuration: The error usually arises when the system cannot find the necessary configuration for the currency or exchange rate type that is being used in a transaction.
  Exchange Rate Type Not Defined: The specific exchange rate type required for the transaction may not be defined in the system.
  Currency Pair Not Maintained: The currency pair (e.g., local currency to foreign currency) may not have an exchange rate maintained in the system.
  Transaction Type Issues: The transaction type being processed may not be compatible with the currency settings.
  
  Solution:
  To resolve the MZ049 error, you can follow these steps:
  
  
  Check Currency Configuration:
  
  Go to the transaction code OB08 to maintain exchange rates.
  Ensure that the exchange rate type you are using is defined and that the relevant currency pair has an exchange rate maintained.
  
  
  
  Maintain Exchange Rate Type:
  
  If the exchange rate type is missing, you can create it in the configuration settings.
  Navigate to SPRO -> Financial Accounting -> Financial Accounting Global Settings -> Currencies -> Define Exchange Rate Types.
  
  
  
  Verify Currency Settings in Master Data:
  
  Check the master data for the relevant materials, vendors, or customers to ensure that the currency settings are correctly maintained.
  Ensure that the currency used in the transaction is supported by the master data.
  
  
  
  Check Transaction Settings:
  
  Review the transaction type and ensure that it is set up to handle the currencies involved in the transaction.
  
  
  
  Consult Documentation:
  
  If you are unsure about the settings, refer to SAP documentation or consult with your SAP Basis or functional consultant for guidance.
  
  
  
  Related Information:
  
  Transaction Codes: 
  
  OB08: Maintain exchange rates.
  SPRO: Access the SAP Reference IMG for configuration.
  
  
  Currency Types: Understand the different types of currencies (local currency, document currency, etc.) and how they interact in transactions.
  Exchange Rate Types: Familiarize yourself with the different exchange rate types (e.g., M for average rate, B for bank buying rate) and their usage in financial transactions.
  
  By following these steps, you should be able to resolve the MZ049 error and ensure that your currency and exchange rate settings are correctly configured in SAP.