How To Fix RPMFIOUT001 - Exchange rate type & does not exist

SAP Error Message - Details

• Message type: E = Error

• Message class: RPMFIOUT -

• Message number: 001

• Message text: Exchange rate type & does not exist

Self-Explanatory Message

Since SAP believes that this specific error message is 'self-explanatory,' no more information has been given.The majority of messages in the SAP system have a message text, however this is frequently insufficient to comprehend or resolve the problem.

To make things easier, more detailed information is frequently added to describe the issue, how to fix it, and the necessary steps or configuration modifications.

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Smart SAP Assistant

• What is the cause and solution for SAP error message RPMFIOUT001 - Exchange rate type & does not exist ?

  The SAP error message RPMFIOUT001 indicates that the specified exchange rate type does not exist in the system. This error typically occurs in the context of financial transactions, particularly when dealing with foreign currency valuations or conversions.
  Cause:
  
  Missing Exchange Rate Type: The exchange rate type specified in the transaction or configuration does not exist in the system.
  Incorrect Configuration: The exchange rate type may not have been defined properly in the system settings.
  Typographical Error: There may be a typo in the exchange rate type being referenced in the transaction.
  Authorization Issues: The user may not have the necessary authorizations to access the exchange rate type.
  
  Solution:
  
  
  Check Exchange Rate Types:
  
  Go to the transaction code OB08 (Maintain Exchange Rates) to check if the exchange rate type exists.
  If it does not exist, you may need to create it or use a different exchange rate type that is available.
  
  
  
  Create or Modify Exchange Rate Type:
  
  If the exchange rate type is missing, you can create it using the transaction code OB07 (Define Exchange Rate Types).
  Ensure that the exchange rate type is configured correctly with the necessary parameters.
  
  
  
  Verify Configuration:
  
  Check the configuration settings in the relevant financial modules (e.g., FI, CO) to ensure that the exchange rate type is correctly set up.
  Ensure that the exchange rate type is assigned to the relevant company codes and currencies.
  
  
  
  Check for Typos:
  
  Review the transaction or program where the error occurred to ensure that the exchange rate type is spelled correctly.
  
  
  
  User Authorizations:
  
  Ensure that the user has the necessary authorizations to access and use the specified exchange rate type.
  
  
  
  Related Information:
  
  Transaction Codes:
  
  OB08: Maintain Exchange Rates
  OB07: Define Exchange Rate Types
  
  
  Documentation: Refer to SAP Help documentation for detailed information on configuring exchange rates and types.
  Support: If the issue persists after checking the above points, consider reaching out to your SAP support team or consulting SAP Notes for any known issues related to this error.
  
  By following these steps, you should be able to resolve the RPMFIOUT001 error and ensure that the correct exchange rate type is being used in your SAP transactions.