How To Fix RQ046 - An exchange rate of &3 is defined for translation from &1 to &2

SAP Error Message - Details

• Message type: E = Error

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

• Message number: 046

• Message text: An exchange rate of &3 is defined for translation from &1 to &2

What causes this issue?

For currency translation rate &V1& / &V2&, you are using an exchange
rate type for which exchange rate setting is provied. However, the n
rate you want the system to use in further calculation differs from the
rate set.
If rate &V3& agrees with the rate in the screen, this seemingly
meaningless message is triggered by rounding differences caused by the
rate inversion. If this is the case, work without inverted rates.
INCLUDE 'CUSTOMIZED_MESSAGE_INFO' OBJECT DOKU ID TX

Error message extract from SAP system. Copyright SAP SE.

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• What is the cause and solution for SAP error message RQ046 - An exchange rate of &3 is defined for translation from &1 to &2 ?

  The SAP error message RQ046 indicates that there is an issue with the exchange rate defined for currency translation in the system. Specifically, it means that the system is unable to find a valid exchange rate for the specified currencies during a translation process.
  Cause:
  
  Missing Exchange Rate: The most common cause of this error is that there is no exchange rate defined in the system for the specified currency pair (from &1 to &2) for the date in question.
  Incorrect Configuration: The exchange rate type may not be correctly configured, or the rates may not have been updated for the relevant period.
  Date Issues: The exchange rate may not be valid for the date of the transaction or reporting period.
  Currency Pair: The currencies involved may not be supported or may not have a defined exchange rate in the system.
  
  Solution:
  
  
  Check Exchange Rates:
  
  Go to the transaction code OB08 (Maintain Exchange Rates) in SAP.
  Verify if there is an exchange rate defined for the currency pair (from &1 to &2) for the relevant date.
  If not, you will need to enter the appropriate exchange rate.
  
  
  
  Update Exchange Rates:
  
  If the exchange rate is missing, you can add it manually for the required date.
  Ensure that the exchange rate type you are using is correct and that it is active.
  
  
  
  Review Configuration:
  
  Check the configuration settings for currency translation in the relevant modules (e.g., Financial Accounting, Controlling).
  Ensure that the exchange rate type is correctly set up in the system.
  
  
  
  Check Date Validity:
  
  Make sure that the date for which you are trying to perform the translation falls within the range of valid exchange rates.
  
  
  
  Consult Documentation:
  
  If you are unsure about the correct exchange rates or configurations, refer to SAP documentation or consult with your SAP functional consultant.
  
  
  
  Related Information:
  
  Transaction Codes: 
  
  OB08: Maintain Exchange Rates
  OBBS: Display Exchange Rates
  
  
  Exchange Rate Types: Ensure you are using the correct exchange rate type as defined in your system.
  Currency Translation: Understand how currency translation works in SAP, especially in the context of financial reporting and consolidation.
  
  By following these steps, you should be able to resolve the RQ046 error and ensure that the necessary exchange rates are in place for your currency translations.