How To Fix T0924 - No local currency rate specified despite fixing

SAP Error Message - Details

• Message type: E = Error

• Message class: T0 - General Treasury

• Message number: 924

• Message text: No local currency rate specified despite fixing

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 T0924 - No local currency rate specified despite fixing ?

  The SAP error message T0924 "No local currency rate specified" typically occurs when there is an issue with the currency settings in the system, particularly when trying to perform transactions that involve currency conversion. This error can arise in various contexts, such as during the posting of financial documents, running reports, or executing currency-related transactions.
  Causes of T0924 Error
  
  
  Missing Exchange Rate: The most common cause is that there is no exchange rate defined for the local currency in the system for the specific date of the transaction.
  
  
  Incorrect Configuration: The currency settings in the configuration may not be set up correctly, leading to the system not recognizing the local currency.
  
  
  Date Issues: The exchange rate may not be available for the date of the transaction. If the rate is only defined for certain periods, and the transaction falls outside of that range, this error can occur.
  
  
  Currency Type: The currency type used in the transaction may not have a corresponding exchange rate defined.
  
  
  Master Data Issues: The master data for the relevant accounts or entities may not be set up correctly, leading to issues with currency conversion.
  
  
  Solutions to T0924 Error
  
  
  Check Exchange Rates:
  
  Go to the transaction code OB08 (Maintain Exchange Rates) and verify that the exchange rate for the local currency is defined for the relevant date.
  If it is missing, you can add the necessary exchange rate.
  
  
  
  Review Configuration:
  
  Ensure that the currency settings in the configuration are correct. This includes checking the settings in OB22 (Define Currency Types) and ensuring that the local currency is properly configured.
  
  
  
  Verify Transaction Date:
  
  Check the date of the transaction that is causing the error. Ensure that it falls within the range of dates for which exchange rates are defined.
  
  
  
  Check Master Data:
  
  Review the master data for the relevant accounts or entities to ensure that they are set up correctly with the appropriate currency settings.
  
  
  
  Currency Type:
  
  Ensure that the currency type used in the transaction is valid and has an exchange rate defined.
  
  
  
  Consult Documentation:
  
  If the issue persists, consult SAP documentation or support for further troubleshooting steps specific to your version of SAP.
  
  
  
  Related Information
  
  
  Transaction Codes:
  
  OB08: Maintain Exchange Rates
  OB22: Define Currency Types
  FB50: General Ledger Account Document Entry (to test if the error occurs during posting)
  
  
  
  SAP Notes: Check for any relevant SAP Notes that may address this specific error or provide additional troubleshooting steps.
  
  
  User Roles and Authorizations: Ensure that the user has the necessary authorizations to view and maintain exchange rates.
  
  
  By following these steps, you should be able to resolve the T0924 error and ensure that your currency settings are correctly configured in SAP. If the problem continues, it may be beneficial to reach out to your SAP support team for further assistance.