How To Fix OM445 - When conversion at assumed exchg rate is active, enter exchg rate type

SAP Error Message - Details

• Message type: E = Error

• Message class: OM - Customizing Materialwirtschaft

• Message number: 445

• Message text: When conversion at assumed exchg rate is active, enter exchg rate type

What causes this issue?

You have activated calculation at the assumed exchange rate, you must
therefore enter an exchange rate type.

System Response

How to fix this error?

Enter an exchange rate type or cancel the activation indicator for
calculation at the assumed exchange rate.

Error message extract from SAP system. Copyright SAP SE.

Smart SAP Assistant

• What is the cause and solution for SAP error message OM445 - When conversion at assumed exchg rate is active, enter exchg rate type ?

  The SAP error message OM445 typically occurs in the context of currency conversion in SAP, particularly when dealing with exchange rates in financial transactions. This error indicates that the system requires an exchange rate type to be specified when the conversion at an assumed exchange rate is active.
  Cause:
  The error arises when:
  
  The system is set to perform currency conversion using an assumed exchange rate.
  The exchange rate type has not been specified in the relevant configuration or transaction.
  
  Solution:
  To resolve the OM445 error, you can take the following steps:
  
  
  Specify Exchange Rate Type:
  
  Navigate to the transaction or configuration where the error occurred.
  Ensure that you have specified an exchange rate type. This can usually be done in the relevant transaction screen or configuration settings.
  
  
  
  Check Configuration:
  
  Go to the configuration settings for currency conversion. This can typically be found in the following path:
  
  SPRO ? Financial Accounting ? General Ledger ? Currencies ? Define Exchange Rate Types.
  
  
  Ensure that the exchange rate types are correctly defined and that the assumed exchange rate is set up properly.
  
  
  
  Review Document Settings:
  
  If the error occurs during document entry, check the document settings to ensure that the exchange rate type is being pulled correctly from the master data or transaction data.
  
  
  
  Consult Documentation:
  
  Review SAP documentation or help resources for specific guidance on the exchange rate types and their configurations.
  
  
  
  Testing:
  
  After making the necessary changes, test the transaction again to ensure that the error has been resolved.
  
  
  
  Related Information:
  
  Exchange Rate Types: These are defined in SAP to determine how currency conversions are handled. Common types include M (average rate), B (bank buying rate), and G (bank selling rate).
  Currency Conversion: This is a critical aspect of financial transactions in SAP, especially for companies operating in multiple currencies.
  Transaction Codes: Familiarize yourself with relevant transaction codes such as OB08 (to maintain exchange rates) and OBBS (to maintain exchange rate types).
  
  If the issue persists after following these steps, it may be beneficial to consult with your SAP support team or refer to SAP Notes for any specific patches or updates related to this error.