How To Fix RTC_CT_01302 - Exchange rate indicator &1 does not exist

SAP Error Message - Details

• Message type: E = Error

• Message class: RTC_CT_01 - Real consolidation - currency translation

• Message number: 302

• Message text: Exchange rate indicator &1 does not exist

Self-Explanatory Message

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Smart SAP Assistant

• What is the cause and solution for SAP error message RTC_CT_01302 - Exchange rate indicator &1 does not exist ?

  The SAP error message RTC_CT_01302, which states "Exchange rate indicator &1 does not exist," typically occurs when the system is unable to find the specified exchange rate indicator in the configuration. This can happen in various contexts, such as during currency conversion or when processing financial transactions that involve multiple currencies.
  Cause:
  
  Missing Configuration: The exchange rate indicator specified in the transaction does not exist in the system. This could be due to a typo or because it has not been defined in the system.
  Incorrect Settings: The exchange rate indicator may not be properly set up in the relevant configuration settings, such as in the currency translation settings or in the financial settings.
  Data Migration Issues: If data has been migrated from another system, the exchange rate indicators may not have been transferred correctly.
  Authorization Issues: Sometimes, the user may not have the necessary authorizations to access the exchange rate indicators.
  
  Solution:
  
  
  Check Configuration:
  
  Go to the transaction code OB08 (or the relevant transaction for maintaining exchange rates) and verify if the exchange rate indicator exists.
  If it does not exist, you may need to create it or correct any typos in the indicator name.
  
  
  
  Create/Update Exchange Rate Indicator:
  
  If the exchange rate indicator is missing, you can create it by following the appropriate steps in the configuration settings.
  Ensure that the exchange rate type is correctly defined and that it is active.
  
  
  
  Review Transaction Data:
  
  Check the transaction or document that triggered the error to ensure that the correct exchange rate indicator is being used.
  If necessary, update the transaction to use a valid exchange rate indicator.
  
  
  
  Consult Documentation:
  
  Refer to SAP documentation or help resources for guidance on how to set up and manage exchange rate indicators.
  
  
  
  User Authorizations:
  
  Ensure that the user has the necessary authorizations to access and use the exchange rate indicators.
  
  
  
  Related Information:
  
  Exchange Rate Types: In SAP, exchange rate types are used to define how currency conversions are handled. Each type can have different rates and can be used for different purposes (e.g., average rate, historical rate).
  Transaction Codes: Familiarize yourself with relevant transaction codes such as OB08 for maintaining exchange rates, OBBS for defining exchange rate types, and OB07 for defining currency translation.
  SAP Notes: Check SAP Notes for any known issues or patches related to this error message. SAP Notes can provide additional context or solutions for specific scenarios.
  
  If the issue persists after following these steps, it may be beneficial to consult with your SAP support team or reach out to SAP support for further assistance.