How To Fix O1208 - Exchange no. & does not exist.

SAP Error Message - Details

• Message type: E = Error

• Message class: O1 - IS-Oil : Message pool exchanges

• Message number: 208

• Message text: Exchange no. & does not exist.

What causes this issue?

The <GL:exchange agreement>exchange agreement</> number which was
entered does not exist.

System Response

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

How to fix this error?

Please check your entry.

Error message extract from SAP system. Copyright SAP SE.

Smart SAP Assistant

• What is the cause and solution for SAP error message O1208 - Exchange no. & does not exist. ?

  The SAP error message O1208, which states "Exchange no. & does not exist," typically occurs in the context of managing exchange rates or currency conversions within the SAP system. This error indicates that the system is unable to find the specified exchange rate for the currency pair you are trying to use.
  Cause:
  
  Missing Exchange Rate: The most common cause is that the exchange rate for the specified currency pair has not been maintained in the system.
  Incorrect Currency Pair: The currency pair you are trying to use may be incorrect or not defined in the system.
  Date Issues: The exchange rate may not be valid for the date you are trying to use it. Exchange rates are often maintained for specific periods.
  Configuration Issues: There may be configuration issues in the currency settings or exchange rate types.
  
  Solution:
  
  
  Maintain Exchange Rates:
  
  Go to the transaction code OB08 (or use the menu path: SAP Easy Access > Accounting > Financial Accounting > General Ledger > Master Data > Currencies > Maintain Exchange Rates).
  Check if the exchange rate for the specified currency pair exists. If not, you will need to create a new entry.
  Ensure that the exchange rate is valid for the date you are working with.
  
  
  
  Verify Currency Pair:
  
  Double-check the currency codes you are using to ensure they are correct and exist in the system.
  
  
  
  Check Validity Dates:
  
  Ensure that the exchange rate is valid for the date of the transaction. If you are working with historical data, make sure the exchange rate is maintained for that specific date.
  
  
  
  Review Configuration:
  
  If you suspect configuration issues, review the settings in the Customizing (transaction code SPRO) related to currency and exchange rate types.
  
  
  
  Consult Documentation:
  
  If you are unsure about the process, refer to SAP documentation or consult with your SAP support team for guidance.
  
  
  
  Related Information:
  
  
  Transaction Codes: 
  
  OB08: Maintain exchange rates.
  OBBS: Display exchange rates.
  OB07: Define exchange rate types.
  
  
  
  Exchange Rate Types: Ensure that you are using the correct exchange rate type as defined in your system configuration.
  
  
  SAP Notes: Check for any relevant SAP Notes that may address specific issues related to exchange rates or this error message.
  
  
  By following these steps, you should be able to resolve the O1208 error and ensure that the necessary exchange rates are maintained in your SAP system.