How To Fix /NFM/CA224 - No reference rate is taken into account for average rates

SAP Error Message - Details

• Message type: E = Error

• Message class: /NFM/CA -

• Message number: 224

• Message text: No reference rate is taken into account for average rates

Self-Explanatory Message

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Smart SAP Assistant

• What is the cause and solution for SAP error message /NFM/CA224 - No reference rate is taken into account for average rates ?

  The SAP error message /NFM/CA224 No reference rate is taken into account for average rates typically occurs in the context of financial transactions, particularly when dealing with foreign currency valuations or average rates in the SAP system. This error indicates that the system cannot find a reference rate for the specified currency, which is necessary for calculating average rates.
  Cause:
  
  Missing Exchange Rate: The most common cause is that there is no exchange rate defined for the currency pair in the system for the relevant date.
  Incorrect Configuration: The configuration settings for currency translation or average rate calculation may not be set up correctly.
  Date Issues: The date for which the average rate is being calculated may not have a corresponding exchange rate in the system.
  Currency Type: The currency type being used may not have a defined reference rate.
  
  Solution:
  
  
  Check Exchange Rates:
  
  Go to the transaction code OB08 (Maintain Exchange Rates) and verify that the exchange rates for the relevant currency pair are maintained for the required date.
  If the rates are missing, you will need to enter the appropriate exchange rates.
  
  
  
  Review Configuration:
  
  Ensure that the configuration for currency translation and average rate calculation is correctly set up in the system.
  Check the settings in the relevant customizing transactions (e.g., OB22 for currency types).
  
  
  
  Verify Dates:
  
  Make sure that the date for which you are trying to calculate the average rate has a corresponding exchange rate. If necessary, adjust the date or enter the missing rates.
  
  
  
  Currency Type:
  
  Ensure that the currency type being used is correctly defined and has the necessary exchange rates.
  
  
  
  Consult Documentation:
  
  Review SAP documentation or help resources for any specific notes related to this error message, as there may be additional context or updates.
  
  
  
  Related Information:
  
  
  Transaction Codes:
  
  OB08: Maintain Exchange Rates
  OB22: Define Currency Types
  OB37: Define Exchange Rate Types
  
  
  
  SAP Notes: Check SAP Notes for any known issues or patches related to this error message. You can search for relevant notes in the SAP Support Portal.
  
  
  Testing: After making the necessary changes, perform a test transaction to ensure that the error is resolved.
  
  
  If the issue persists after following these steps, it may be beneficial to consult with your SAP support team or a functional consultant who specializes in financial modules.