How To Fix /PF1/MSG_LOG_GUI221 - Foreign exchange rate submission check failed

/PF1/MSG_LOG_GUI221 - Overview

• Message type: E = Error

• Message class: /PF1/MSG_LOG_GUI -

• Message number: 221

• Message text: Foreign exchange rate submission check failed

Self-Explanatory Message

Since SAP believes that this specific error message is 'self-explanatory,' no more information has been given.The majority of messages in the SAP system have a message text, however this is frequently insufficient to comprehend or resolve the problem.

To make things easier, more detailed information is frequently added to describe the issue, how to fix it, and the necessary steps or configuration modifications.

Unfortunately, there isn't any extra information in this error notice.

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Smart SAP Assistant

• What is the cause and solution for SAP error message /PF1/MSG_LOG_GUI221 - Foreign exchange rate submission check failed ?

  The SAP error message /PF1/MSG_LOG_GUI221 Foreign exchange rate submission check failed typically indicates an issue related to the foreign exchange rate configuration or submission process in the SAP system. This error can occur in various contexts, such as during the posting of financial documents, currency conversion, or when executing specific transactions that involve foreign currency.
  Causes:
  
  Missing Exchange Rate: The exchange rate for the currency pair involved in the transaction may not be maintained in the system.
  Incorrect Exchange Rate Type: The exchange rate type being used may not be valid or may not have been defined for the relevant date.
  Date Issues: The exchange rate may not be valid for the date of the transaction.
  
  Configuration Issues: There may be configuration issues in the currency settings or in the financial document settings.
  Authorization Issues: The user may not have the necessary authorizations to access or submit foreign exchange rates.
  
  Solutions:
  
  
  Check Exchange Rates:
  
  Go to transaction code OB08