How To Fix /PM0/ABP_MESSAGES618 - Enter exchange rate for &1 as direct quotation (without symbol)

SAP Error Message - Details

• Message type: E = Error

• Message class: /PM0/ABP_MESSAGES -

• Message number: 618

• Message text: Enter exchange rate for &1 as direct quotation (without symbol)

Self-Explanatory Message

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Smart SAP Assistant

• What is the cause and solution for SAP error message /PM0/ABP_MESSAGES618 - Enter exchange rate for &1 as direct quotation (without symbol) ?

  The SAP error message /PM0/ABP_MESSAGES618 indicates that the system requires an exchange rate to be entered as a direct quotation for a specific currency pair, but it has not been provided in the expected format. This error typically arises in the context of currency conversion or financial transactions where exchange rates are necessary.
  Cause:
  
  Missing Exchange Rate: The exchange rate for the specified currency pair has not been maintained in the system.
  Incorrect Format: The exchange rate may have been entered with a currency symbol or in an incorrect format, whereas the system expects a numerical value without any symbols.
  Configuration Issues: There may be configuration settings in the system that are not aligned with the requirements for entering exchange rates.
  
  Solution:
  
  
  Enter Exchange Rate:
  
  Navigate to the transaction where the error occurred.
  Ensure that you enter the exchange rate as a direct quotation (e.g., for USD to EUR, enter the rate as a number like 0.85 without any currency symbols).
  
  
  
  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 exists. If not, create a new entry with the correct rate.
  Ensure that the rate is entered in the correct format (numerical only).
  
  
  
  Check Configuration:
  
  Review the configuration settings related to currency management in your SAP system. This may involve checking the settings in the Financial Accounting (FI) module or the controlling module (CO).
  Consult with your SAP Basis or configuration team if you suspect that there are issues with the system settings.
  
  
  
  User Training:
  
  Ensure that users are trained on how to enter exchange rates correctly and understand the requirements for direct quotations.
  
  
  
  Related Information:
  
  Transaction Codes: 
  
  OB08: Maintain exchange rates.
  OB07: Define exchange rate types.
  
  
  Documentation: Refer to SAP Help documentation for detailed information on currency management and exchange rate maintenance.
  SAP Notes: Check for any relevant SAP Notes that may address specific issues or bugs related to this error message.
  
  If the problem persists after following these steps, it may be beneficial to consult with your SAP support team or refer to SAP community forums for additional assistance.