How To Fix /PM0/ABP_MESSAGES616 - Enter exchange rate for &1 as indirect quotation (with symbol &2)

SAP Error Message - Details

• Message type: E = Error

• Message class: /PM0/ABP_MESSAGES -

• Message number: 616

• Message text: Enter exchange rate for &1 as indirect quotation (with symbol &2)

Self-Explanatory Message

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Smart SAP Assistant

• What is the cause and solution for SAP error message /PM0/ABP_MESSAGES616 - Enter exchange rate for &1 as indirect quotation (with symbol &2) ?

  The SAP error message /PM0/ABP_MESSAGES616 indicates that there is an issue with the exchange rate configuration in the system, specifically related to indirect quotations. This error typically arises when the system expects an exchange rate for a currency pair to be provided in an indirect format, but it is either missing or incorrectly configured.
  Cause:
  
  Missing Exchange Rate: The exchange rate for the specified currency pair is not maintained in the system.
  Incorrect Configuration: The system is set to expect an indirect quotation, but the exchange rate is maintained as a direct quotation.
  Currency Pair Issues: The currency pair specified in the error message may not be correctly defined in the system.
  Data Entry Error: There may be a mistake in the data entry where the currency or quotation type is incorrectly specified.
  
  Solution:
  
  
  Maintain Exchange Rates:
  
  Go to the transaction code OB08 (or the relevant transaction for maintaining exchange rates).
  Check if the exchange rate for the specified currency pair is maintained.
  If not, enter the exchange rate as required, ensuring that it is set up as an indirect quotation.
  
  
  
  Check Quotation Type:
  
  Verify the quotation type settings in the system. Ensure that the system is configured to use indirect quotations for the relevant currency pair.
  You can check this in the configuration settings under SPRO > Financial Accounting > Foreign Currency Translation > Define Exchange Rate Types.
  
  
  
  Review Currency Pair Configuration:
  
  Ensure that the currency pair mentioned in the error message is correctly defined in the system.
  Check if the currencies involved are correctly set up in the system.
  
  
  
  Data Entry Verification:
  
  Review the transaction or document that triggered the error to ensure that the currency and quotation type are correctly specified.
  Correct any discrepancies in the data entry.
  
  
  
  Related Information:
  
  Indirect Quotation: In an indirect quotation, the exchange rate is expressed as the amount of foreign currency per unit of domestic currency. For example, if the exchange rate for USD to EUR is 0.85, it means 1 USD = 0.85 EUR.
  Exchange Rate Types: SAP allows for different types of exchange rates (e.g., M for average rate, B for bank selling rate). Ensure that the correct type is being used for the transaction.
  Transaction Codes: Familiarize yourself with relevant transaction codes such as OB08 for maintaining exchange rates, OBBS for exchange rate type settings, and OB22 for defining currency pairs.
  
  By following these steps, you should be able to resolve the error message and ensure that the exchange rates are correctly maintained in the system.