How To Fix PRC_PRI517 - Item &1: Exchange rate & invalid.

SAP Error Message - Details

• Message type: E = Error

• Message class: PRC_PRI - Messages for Pricing Engine

• Message number: 517

• Message text: Item &1: Exchange rate & invalid.

Self-Explanatory Message

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Smart SAP Assistant

• What is the cause and solution for SAP error message PRC_PRI517 - Item &1: Exchange rate & invalid. ?

  The SAP error message PRC_PRI517 indicates that there is an issue with the exchange rate for a specific item in a purchasing or pricing context. The message typically means that the exchange rate being used for the transaction is invalid or not found in the system.
  Cause:
  
  Missing Exchange Rate: The exchange rate for the currency pair (e.g., from one currency to another) is not maintained in the system for the relevant date.
  Incorrect Currency Configuration: The currency settings in the document or master data may not match the available exchange rates.
  Date Issues: The exchange rate may not be valid for the date of the transaction. Exchange rates can be time-sensitive, and if the date falls outside the range of valid rates, this error can occur.
  Currency Type: The currency type used in the transaction may not be configured correctly in the system.
  
  Solution:
  
  
  Check Exchange Rate Maintenance:
  
  Go to the transaction code OB08 (or the relevant transaction for maintaining exchange rates).
  Verify that the exchange rate for the currency pair in question is maintained for the relevant date.
  If it is missing, add the appropriate exchange rate.
  
  
  
  Verify Document Currency:
  
  Check the document (e.g., purchase order, invoice) to ensure that the currency used is correct and matches the available exchange rates.
  
  
  
  Check Validity Dates:
  
  Ensure that the date of the transaction falls within the validity period of the exchange rate. If necessary, update the exchange rate for the required date.
  
  
  
  Review Currency Configuration:
  
  Ensure that the currency type used in the transaction is correctly configured in the system. This can involve checking the settings in the relevant configuration areas.
  
  
  
  Consult with Finance Team:
  
  If you are unsure about the correct exchange rates or currency configurations, consult with your finance or accounting team to ensure compliance with financial policies.
  
  
  
  Related Information:
  
  
  Transaction Codes: 
  
  OB08: Maintain exchange rates.
  ME23N: Display purchase order (to check currency settings).
  FB03: Display document (to check document currency).
  
  
  
  SAP Notes: Check for any relevant SAP Notes that may address specific issues related to exchange rates and currency handling.
  
  
  Documentation: Review SAP documentation related to currency management and exchange rate maintenance for further insights.
  
  
  By following these steps, you should be able to resolve the PRC_PRI517 error and ensure that the exchange rates are correctly maintained in your SAP system.