How To Fix /PM0/ABP_CURR_CONV003 - Exchange rate to be used was not specified

SAP Error Message - Details

• Message type: E = Error

• Message class: /PM0/ABP_CURR_CONV -

• Message number: 003

• Message text: Exchange rate to be used was not specified

Self-Explanatory Message

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Smart SAP Assistant

• What is the cause and solution for SAP error message /PM0/ABP_CURR_CONV003 - Exchange rate to be used was not specified ?

  The SAP error message /PM0/ABP_CURR_CONV003 indicates that an exchange rate has not been specified for a currency conversion operation. This error typically arises in scenarios where currency conversion is required, such as in financial transactions, reporting, or when dealing with multiple currencies in SAP.
  Cause:
  
  Missing Exchange Rate: The primary cause of this error is that the system does not have a defined exchange rate for the currencies involved in the transaction.
  Incorrect Configuration: The exchange rate type may not be set up correctly in the system.
  Date Issues: The exchange rate may not be available for the specific date of the transaction.
  Currency Pair Not Defined: The specific currency pair (from currency to target currency) may not have an exchange rate defined in the system.
  
  Solution:
  
  
  Check Exchange Rate Configuration:
  
  Go to the transaction code OB08 to check the exchange rates defined in the system.
  Ensure that the exchange rate for the specific currency pair is maintained for the relevant date.
  
  
  
  Maintain Exchange Rates:
  
  If the exchange rate is missing, you can add it in the same transaction (OB08).
  Make sure to enter the correct exchange rate type and the effective date.
  
  
  
  Verify Currency Pair:
  
  Ensure that the currency pair you are trying to convert is defined in the system.
  If necessary, add the missing currency pair.
  
  
  
  Check Transaction Date:
  
  Ensure that the date of the transaction falls within the range of dates for which the exchange rate is valid.
  
  
  
  Review Configuration Settings:
  
  Check the configuration settings for currency conversion in the relevant modules (e.g., Financial Accounting, Controlling).
  Ensure that the settings are correctly configured to allow for currency conversion.
  
  
  
  Consult Documentation:
  
  Refer to SAP documentation or help resources for additional guidance on currency conversion and exchange rate maintenance.
  
  
  
  Related Information:
  
  
  Transaction Codes:
  
  OB08: Maintain Exchange Rates
  OBBS: Display Exchange Rates
  OBB8: Maintain 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). Ensure you are using the correct type for your transaction.
  
  
  Currency Conversion in Reports: If this error occurs during reporting, check the report settings to ensure that the correct currency conversion settings are applied.
  
  
  By following these steps, you should be able to resolve the error message /PM0/ABP_CURR_CONV003 and ensure that currency conversions are processed correctly in your SAP system.