How To Fix OQ_I311 - No exchange rate found for &1 to &2 exch.rate type &3 on &4

SAP Error Message - Details

• Message type: E = Error

• Message class: OQ_I - IS-Oil SSR : Message pool for Settlement and Invoicing

• Message number: 311

• Message text: No exchange rate found for &1 to &2 exch.rate type &3 on &4

Self-Explanatory Message

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Smart SAP Assistant

• What is the cause and solution for SAP error message OQ_I311 - No exchange rate found for &1 to &2 exch.rate type &3 on &4 ?

  The SAP error message OQ_I311 indicates that there is no exchange rate found for the specified currency pair and exchange rate type on the given date. This error typically occurs in scenarios involving currency conversion, such as when processing financial transactions, creating purchase orders, or handling invoices.
  Cause:
  
  Missing Exchange Rate: The primary cause of this error is that the exchange rate for the specified currency pair (from &1 to &2) does not exist in the system for the specified exchange rate type (&3) on the given date (&4).
  Incorrect Exchange Rate Type: The exchange rate type specified may not be set up correctly or may not be applicable for the currencies involved.
  Date Issues: The date specified may be outside the range of valid exchange rates, or the exchange rate may not have been updated for that date.
  Configuration Issues: There may be configuration issues in the currency settings or exchange rate maintenance.
  
  Solution:
  
  
  Check Exchange Rate Maintenance:
  
  Go to transaction code OB08 (Maintain Exchange Rates) in SAP.
  Verify if the exchange rate for the specified currency pair and exchange rate type exists for the date in question.
  If it does not exist, you will need to enter the appropriate exchange rate.
  
  
  
  Update Exchange Rates:
  
  If the exchange rate is missing, you can manually enter the exchange rate for the required date and currency pair.
  Ensure that you are using the correct exchange rate type.
  
  
  
  Verify Configuration:
  
  Check the configuration settings for currency types and exchange rate types in the system.
  Ensure that the exchange rate type is correctly defined and linked to the relevant currencies.
  
  
  
  Check Date Validity:
  
  Ensure that the date you are using for the transaction is valid and falls within the range of the exchange rates maintained in the system.
  
  
  
  Consult with Finance Team:
  
  If you are unsure about the correct exchange rates or types, consult with your finance or accounting team to ensure that the correct rates are being used.
  
  
  
  Related Information:
  
  
  Transaction Codes:
  
  OB08: Maintain Exchange Rates
  OBBS: Display Exchange Rates
  OBD2: Define Exchange Rate Types
  
  
  
  Exchange Rate Types: Different exchange rate types can be defined in SAP (e.g., M for average rate, B for bank buying rate, etc.). Ensure you are using the correct type for your transaction.
  
  
  Currency Configuration: Review the configuration settings for currencies in the SAP system to ensure they are set up correctly.
  
  
  By following these steps, you should be able to resolve the OQ_I311 error and ensure that the necessary exchange rates are available for your transactions.