How To Fix SG041 - Indirectly 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: 041

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

Self-Explanatory Message

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Smart SAP Assistant

• What is the cause and solution for SAP error message SG041 - Indirectly quoted exchange rate expected for this currency pair ?

  The SAP error message SG041, which states "Indirectly quoted exchange rate expected for this currency pair," typically occurs in the context of foreign currency transactions. This error indicates that the system is expecting an indirect exchange rate for a specific currency pair, but it is not available or not configured correctly.
  Cause:
  
  Currency Pair Configuration: The currency pair you are trying to use may not have the correct exchange rate type configured. SAP supports both direct and indirect exchange rates, and if the system expects an indirect rate but only a direct rate is available, this error will occur.
  Missing Exchange Rate: The exchange rate for the specific currency pair may not be maintained in the system.
  Incorrect Currency Settings: The settings for the currencies involved may not be correctly defined in the system, leading to confusion about how the rates should be interpreted.
  Transaction Type: The type of transaction being processed may require a specific exchange rate type that is not available.
  
  Solution:
  
  
  Check Exchange Rate Configuration:
  
  Go to the transaction code OB08 to maintain exchange rates.
  Ensure that the exchange rates for the currency pair in question are maintained correctly. If you are dealing with an indirect rate, ensure that it is set up properly.
  
  
  
  Verify Currency Settings:
  
  Check the currency settings in the system to ensure that both currencies in the pair are correctly defined.
  You can use transaction code OB22 to check the currency types and their settings.
  
  
  
  Review Transaction Type:
  
  Ensure that the transaction you are trying to execute is compatible with the exchange rate type you are using. If necessary, consult with your finance team to confirm the requirements.
  
  
  
  Consult Documentation:
  
  Review SAP documentation or consult with your SAP support team for specific guidance related to your configuration and the error message.
  
  
  
  Testing:
  
  After making any changes, perform a test transaction to ensure that the error has been resolved.
  
  
  
  Related Information:
  
  Exchange Rate Types: SAP allows for different types of exchange rates (e.g., M for average rate, B for bank buying rate, etc.). Make sure you are using the correct type for your transaction.
  Currency Conversion: Understand how SAP handles currency conversion and the implications of direct vs. indirect rates.
  SAP Notes: Check for any relevant SAP Notes that may address this specific error or provide additional troubleshooting steps.
  
  If the issue persists after following these steps, it may be beneficial to engage with your SAP support team or consult the SAP community for further assistance.