How To Fix RSCUR004 - Exchange rate: maintain an exchange rate type

SAP Error Message - Details

• Message type: E = Error

• Message class: RSCUR - Texts for Quantities and Currencies

• Message number: 004

• Message text: Exchange rate: maintain an exchange rate type

Self-Explanatory Message

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Smart SAP Assistant

• What is the cause and solution for SAP error message RSCUR004 - Exchange rate: maintain an exchange rate type ?

  The SAP error message RSCUR004 indicates that there is an issue with the exchange rate type in the system. This error typically occurs when you are trying to perform a transaction that requires an exchange rate, but the system cannot find a valid exchange rate for the specified exchange rate type.
  Cause:
  
  Missing Exchange Rate Type: The specified exchange rate type is not maintained in the system.
  No Exchange Rates Defined: There are no exchange rates defined for the currency pair you are trying to use with the specified exchange rate type.
  Incorrect Configuration: The exchange rate type may not be correctly configured in the system settings.
  
  Solution:
  To resolve the RSCUR004 error, you can follow these steps:
  
  
  Check Exchange Rate Type:
  
  Go to the transaction code OB08 (Maintain Exchange Rates).
  Verify that the exchange rate type you are trying to use is listed and maintained.
  
  
  
  Maintain Exchange Rates:
  
  If the exchange rate type is missing or not maintained, you need to enter the relevant exchange rates for the currency pair.
  Ensure that the exchange rates are valid for the date you are trying to perform the transaction.
  
  
  
  Check Configuration:
  
  Ensure that the exchange rate type is correctly configured in the system. You can check this in the configuration settings under SPRO > Financial Accounting > Financial Accounting Global Settings > Currencies > Define Exchange Rate Types.
  
  
  
  Review Currency Pair:
  
  Make sure that the currency pair you are using is valid and that there are exchange rates defined for it.
  
  
  
  Consult Documentation:
  
  If you are unsure about the exchange rate types or how to maintain them, refer to the SAP documentation or consult with your SAP administrator.
  
  
  
  Related Information:
  
  Exchange Rate Types: Exchange rate types are used to define how exchange rates are applied in various transactions. Common types include M (average rate), B (bank buying rate), and G (bank selling rate).
  Transaction Codes: Familiarize yourself with relevant transaction codes such as OB08 (Maintain Exchange Rates) and SPRO (SAP Project Reference Object) for configuration.
  Currency Settings: Ensure that your company code and other relevant settings are correctly configured to use the desired currencies and exchange rates.
  
  By following these steps, you should be able to resolve the RSCUR004 error and ensure that your exchange rates are properly maintained in SAP.