How To Fix RQ029 - Currency exchange rates for & & not maintained

SAP Error Message - Details

• Message type: E = Error

• Message class: RQ - Messages for Cash Management and Forecast

• Message number: 029

• Message text: Currency exchange rates for & & not maintained

Self-Explanatory Message

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• What is the cause and solution for SAP error message RQ029 - Currency exchange rates for & & not maintained ?

  The SAP error message RQ029 indicates that currency exchange rates for a specific currency pair have not been maintained in the system. This error typically arises when you are trying to process transactions that involve currency conversion, and the system cannot find the necessary exchange rate for the specified currencies.
  Cause:
  
  Missing Exchange Rates: The primary cause of this error is that the exchange rates for the specified currencies have not been entered or maintained in the system.
  Incorrect Currency Pair: The currency pair being used in the transaction may not be valid or may not have been set up correctly.
  Date Validity: The exchange rates may not be valid for the date of the transaction. Exchange rates are often maintained with specific validity periods.
  Configuration Issues: There may be configuration issues in the currency settings or in the financial module that prevent the system from accessing the exchange rates.
  
  Solution:
  
  
  Maintain Exchange Rates:
  
  Go to the transaction code OB08 (or use the menu path: SAP Easy Access > Accounting > Financial Accounting > General Ledger > Master Data > Currencies > Maintain Exchange Rates).
  Enter the required currency pair (e.g., from currency to target currency) and maintain the exchange rate for the relevant date.
  Ensure that the exchange rate is valid for the date of the transaction you are trying to process.
  
  
  
  Check Validity Period:
  
  Ensure that the exchange rate you are entering is valid for the date of the transaction. If the transaction date falls outside the validity period of the exchange rate, you will need to enter a new rate or adjust the existing one.
  
  
  
  Review Configuration:
  
  Check the configuration settings in the SAP system related to currency management. Ensure that the currencies involved are properly configured in the system.
  
  
  
  Test the Transaction:
  
  After maintaining the exchange rates, try to reprocess the transaction that generated the error to see if the issue is resolved.
  
  
  
  Related Information:
  
  Transaction Codes: 
  
  OB08: Maintain Exchange Rates
  OBBS: Display Exchange Rates
  OBB8: Maintain Exchange Rate Types
  
  
  Currency Types: Ensure that you are using the correct currency type (e.g., spot rate, average rate) as defined in your system.
  Documentation: Refer to SAP documentation or help files for more detailed instructions on maintaining exchange rates and handling currency-related transactions.
  
  If the issue persists after following these steps, it may be necessary to consult with your SAP support team or a functional consultant who specializes in financial accounting within SAP.