How To Fix PRC_PRI518 - Item &1: Exchange rate date not available.

SAP Error Message - Details

• Message type: E = Error

• Message class: PRC_PRI - Messages for Pricing Engine

• Message number: 518

• Message text: Item &1: Exchange rate date not available.

Self-Explanatory Message

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Smart SAP Assistant

• What is the cause and solution for SAP error message PRC_PRI518 - Item &1: Exchange rate date not available. ?

  The SAP error message PRC_PRI518 indicates that there is an issue with the exchange rate date for a specific item in a procurement or pricing context. This error typically arises when the system cannot find a valid exchange rate for the specified date, which is necessary for currency conversion in pricing calculations.
  Cause:
  
  Missing Exchange Rate: The exchange rate for the currency pair (e.g., USD to EUR) on the specified date is not maintained in the system.
  Incorrect Date: The date being referenced may be outside the range of available exchange rates.
  Currency Configuration: The currency settings in the system may not be properly configured, leading to issues in retrieving the correct exchange rates.
  Data Entry Error: There may be a typo or incorrect date entry in the transaction that is causing the system to look for an exchange rate that does not exist.
  
  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 and date is maintained.
  If not, enter the appropriate exchange rate for the required date.
  
  
  
  Verify Date:
  
  Ensure that the date being used in the transaction is correct and falls within the range of maintained exchange rates.
  If the date is incorrect, adjust it to a valid date for which exchange rates are available.
  
  
  
  Check Currency Configuration:
  
  Review the currency settings in your SAP system to ensure that all necessary currencies are configured correctly.
  Ensure that the currency types (e.g., transaction currency, local currency) are set up properly.
  
  
  
  Review Transaction Data:
  
  Check the transaction or document that is generating the error for any data entry mistakes, especially in the currency and date fields.
  
  
  
  Consult Documentation:
  
  Refer to SAP documentation or help resources for additional guidance on handling exchange rates and currency conversions.
  
  
  
  Related Information:
  
  Transaction Codes: 
  
  OB08: Maintain exchange rates.
  SE16N: To view the exchange rate table (TCURR).
  
  
  Exchange Rate Types: Ensure that the correct exchange rate type is being used in the transaction.
  Currency Conversion: Understand how currency conversion works in SAP and the importance of maintaining accurate exchange rates for financial reporting and procurement processes.
  
  If the issue persists after following these steps, it may be beneficial to consult with your SAP support team or a functional consultant who specializes in financial or procurement modules.