How To Fix T2560 - No currency translation factors have been maintained!

SAP Error Message - Details

• Message type: E = Error

• Message class: T2 - General Treasury

• Message number: 560

• Message text: No currency translation factors have been maintained!

What causes this issue?

You have not defined any currency translation factors.

How to fix this error?

Maintain the table for currency translation factors before you make
an entry in the datafeed translation table.
You can find the table in Customizing under Global Settings -->
Currencies.

Error message extract from SAP system. Copyright SAP SE.

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• What is the cause and solution for SAP error message T2560 - No currency translation factors have been maintained! ?

  The SAP error message T2560, "No currency translation factors have been maintained," typically occurs when the system is unable to find the necessary currency translation factors for converting amounts from one currency to another. This can happen in various scenarios, such as during financial reporting, currency conversion in transactions, or when running certain reports.
  Cause:
  
  Missing Currency Translation Factors: The primary cause of this error is that the currency translation factors (exchange rates) have not been maintained in the system for the relevant currency pair.
  Incorrect Configuration: The configuration settings for currency translation may not be set up correctly in the system.
  Date Issues: The exchange rates may not be available for the specific date or period being referenced in the transaction or report.
  Currency Type: The currency type being used may not have been defined or maintained in the system.
  
  Solution:
  To resolve the T2560 error, you can follow these steps:
  
  
  Maintain Exchange Rates:
  
  Go to the transaction code OB08 (or use the menu path: SAP Easy Access > Accounting > Financial Accounting > General Ledger > Master Data > Currencies > Maintain Exchange Rates).
  Enter the relevant currency pair (e.g., from currency to target currency) and maintain the exchange rate for the required date or period.
  
  
  
  Check Currency Type:
  
  Ensure that the currency type you are using is defined in the system. You can check this in the configuration settings under OB22 (Define Currency Types).
  
  
  
  Review Configuration:
  
  Check the configuration settings for currency translation in the system. Ensure that all necessary settings are correctly configured.
  
  
  
  Check for Validity Dates:
  
  Ensure that the exchange rates you have maintained are valid for the date of the transaction or report you are trying to run.
  
  
  
  Run Currency Translation:
  
  If you are running a report that requires currency translation, ensure that you have executed the necessary currency translation programs (e.g., using transaction code F.05 for foreign currency valuation).
  
  
  
  Consult Documentation:
  
  If the issue persists, consult the SAP documentation or reach out to your SAP support team for further assistance.
  
  
  
  Related Information:
  
  Transaction Codes: OB08 (Maintain Exchange Rates), OB22 (Define Currency Types), F.05 (Foreign Currency Valuation).
  SAP Notes: Check for any relevant SAP Notes that may address specific issues related to currency translation factors.
  User Roles: Ensure that you have the necessary authorizations to maintain exchange rates and perform currency translations.
  
  By following these steps, you should be able to resolve the T2560 error and ensure that currency translation factors are properly maintained in your SAP system.