How To Fix SG040 - A directly quoted exchange rate expected for this currency pair

SAP Error Message - Details

• Message type: E = Error

• Message class: SG - Global Pool for Cross-Application Developments

• Message number: 040

• Message text: A directly quoted exchange rate expected for this currency pair

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 SG040 - A directly quoted exchange rate expected for this currency pair ?

  The SAP error message SG040, which states "A directly quoted exchange rate expected for this currency pair," typically occurs in the context of foreign currency transactions or when dealing with exchange rates in SAP. This error indicates that the system is expecting a specific format for the exchange rate between two currencies, but it has not been provided or is incorrect.
  
  Cause:
  
  Incorrect Exchange Rate Type: The exchange rate type being used may not be set up correctly for the currency pair in question.
  Missing Exchange Rate: There may not be a direct exchange rate defined for the currency pair in the system.
  Currency Pair Configuration: The currency pair may not be configured correctly in the system, leading to the expectation of a direct quote.
  Data Entry Error: There may be a mistake in the data entry where the currency codes are not recognized or are incorrectly specified.
  
  
  Solution:
  
  
  Check Exchange Rate Configuration:
  
  Go to the transaction code