How To Fix PV862 - Exchange rate of currency &1 not defined in reference currency &2

SAP Error Message - Details

• Message type: E = Error

• Message class: PV - Training and Event Management

• Message number: 862

• Message text: Exchange rate of currency &1 not defined in reference currency &2

What causes this issue?

When creating a list sorted by individual prices, the system determines
the currency most frequently used.
All individual prices whose currency does not correspond to the
reference currency, are converted. Then, the business event attendees
are listed in descending order according to the individual prices in
the reference currency.

How to fix this error?

Please maintain the corresponding exchange rate.

Error message extract from SAP system. Copyright SAP SE.

Smart SAP Assistant

• What is the cause and solution for SAP error message PV862 - Exchange rate of currency &1 not defined in reference currency &2 ?

  The SAP error message PV862 indicates that there is an issue with the exchange rate for a specific currency in relation to a reference currency. This error typically arises when the system is unable to find a defined exchange rate for the specified currency pair in the context of a transaction or report.
  Cause:
  
  Missing Exchange Rate: The primary cause of this error is that the exchange rate for the currency specified (denoted as &1) against the reference currency (denoted as &2) has not been defined in the system.
  Incorrect Configuration: The exchange rate type may not be properly configured, or the rates may not have been updated for the relevant period.
  Data Entry Error: There may be a mistake in the currency codes entered in the transaction or report.
  
  Solution:
  
  
  Define Exchange Rates:
  
  Go to the transaction code OB08 (Maintain Exchange Rates).
  Check if the exchange rate for the currency pair (from &1 to &2) is defined.
  If it is missing, you will need to enter the appropriate exchange rate for the required date or period.
  
  
  
  Check Exchange Rate Type:
  
  Ensure that the correct exchange rate type is being used in your transaction. Different types may have different rates defined.
  You can check the exchange rate types in transaction OB07.
  
  
  
  Update Exchange Rates:
  
  If the rates are outdated, you may need to update them. This can be done manually or through an automated process if you have a data feed for exchange rates.
  
  
  
  Verify Currency Codes:
  
  Double-check the currency codes used in your transaction to ensure they are correct and match the definitions in the system.
  
  
  
  Consult Documentation:
  
  If you are unsure about the correct rates or configurations, refer to your organization's financial documentation or consult with your finance team.
  
  
  
  Related Information:
  
  Transaction Codes:
  
  OB08: Maintain Exchange Rates
  OB07: Maintain Exchange Rate Types
  
  
  Exchange Rate Types: Different types of exchange rates can be defined for various purposes (e.g., average rates, historical rates).
  Currency Configuration: Ensure that all currencies used in transactions are properly configured in the system.
  
  By following these steps, you should be able to resolve the PV862 error and ensure that the necessary exchange rates are defined in your SAP system.