How To Fix /PM0/ALB_FND_MSG058 - Could not find currency exchange rate for date &2

SAP Error Message - Details

• Message type: E = Error

• Message class: /PM0/ALB_FND_MSG -

• Message number: 058

• Message text: Could not find currency exchange rate for date &2

Self-Explanatory Message

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Smart SAP Assistant

• What is the cause and solution for SAP error message /PM0/ALB_FND_MSG058 - Could not find currency exchange rate for date &2 ?

  The SAP error message /PM0/ALB_FND_MSG058 indicates that the system could not find a currency exchange rate for a specific date. This error typically arises in scenarios where currency conversion is required, such as in financial transactions, reporting, or when processing documents that involve multiple currencies.
  Cause:
  
  Missing Exchange Rate: The primary cause of this error is that there is no exchange rate defined in the system for the currency pair on the specified date.
  Incorrect Date: The date for which the exchange rate is being requested may be incorrect or not available in the system.
  Currency Pair Not Defined: The currency pair (e.g., USD to EUR) may not be defined in the system.
  Exchange Rate Type: The exchange rate type being used may not have been maintained for the specified date.
  
  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 required currency pair exists for the specified date.
  If it does not exist, you will need to enter the appropriate exchange rate for that date.
  
  
  
  Verify Date:
  
  Ensure that the date you are using is correct and falls within the range of dates for which exchange rates are maintained.
  
  
  
  Check Currency Pair:
  
  Verify that the currency pair you are working with is correctly defined in the system.
  
  
  
  Exchange Rate Type:
  
  Ensure that the exchange rate type you are using is correctly set up and has the necessary rates maintained.
  
  
  
  Consult Documentation:
  
  If you are unsure about the exchange rate types or how to maintain them, refer to SAP documentation or consult with your SAP administrator.
  
  
  
  Related Information:
  
  
  Transaction Codes:
  
  OB08: Maintain exchange rates.
  OBBS: Display exchange rates.
  OB07: Define exchange rate types.
  
  
  
  Currency Configuration: Ensure that the currency configuration in your SAP system is set up correctly, including the definition of currencies and their relationships.
  
  
  SAP Notes: Check for any relevant SAP Notes that may address specific issues related to currency exchange rates.
  
  
  Testing: After making changes, test the transaction again to ensure that the error has been resolved.
  
  
  By following these steps, you should be able to resolve the error message /PM0/ALB_FND_MSG058 and ensure that the necessary exchange rates are available for your transactions.