How To Fix T7023 - Rate cannot be shown for these amounts ( &1 / &2 )

SAP Error Message - Details

• Message type: E = Error

• Message class: T7 - Forex entry

• Message number: 023

• Message text: Rate cannot be shown for these amounts ( &1 / &2 )

What causes this issue?

You cannot calculate a price/rate on the basis of the amounts entered.

System Response

The system issues an error message and will not allow you to continue with this transaction until the error is resolved.

How to fix this error?

Check the settings for the translation ratios and change them if
necessary.

Error message extract from SAP system. Copyright SAP SE.

Smart SAP Assistant

• What is the cause and solution for SAP error message T7023 - Rate cannot be shown for these amounts ( &1 / &2 ) ?

  The SAP error message T7023, which states "Rate cannot be shown for these amounts (&1 / &2)," typically occurs in the context of currency conversion or when dealing with exchange rates in financial transactions. This error indicates that the system is unable to find a valid exchange rate for the specified amounts.
  Causes:
  
  Missing Exchange Rate: The most common cause is that there is no exchange rate defined for the currency pair involved for the specified date.
  Date Issues: The exchange rate may not be valid for the date of the transaction. If the rate is not maintained for the specific date, the system cannot perform the conversion.
  Currency Configuration: The currencies involved may not be properly configured in the system, or the currency pair may not be supported.
  Amount Ranges: The amounts specified may fall outside the range for which an exchange rate is defined.
  Transaction Type: The type of transaction may not be compatible with the exchange rate settings.
  
  Solutions:
  
  Check Exchange Rates: Go to the transaction code OB08 (or the relevant transaction for maintaining exchange rates) and verify that the exchange rate for the currency pair and the relevant date is maintained.
  Maintain Rates: If the exchange rate is missing, you will need to enter the appropriate exchange rate for the currencies involved and the relevant date.
  Review Transaction Date: Ensure that the transaction date falls within the range of valid exchange rates. If necessary, adjust the transaction date or maintain the required exchange rates.
  Currency Configuration: Check the configuration of the currencies involved to ensure they are set up correctly in the system.
  Consult Documentation: Review SAP documentation or consult with your SAP support team for any specific configurations or settings that may be affecting the exchange rate determination.
  
  Related Information:
  
  Transaction Codes: Familiarize yourself with transaction codes like OB08 (Maintain Exchange Rates) and OBA1 (Maintain Exchange Rate Types) for managing exchange rates.
  Currency Types: Understand the different types of currencies (e.g., local currency, document currency, etc.) and how they interact in financial transactions.
  SAP Notes: Check for any relevant SAP Notes that may address specific issues related to exchange rates or the T7023 error message.
  User Roles: Ensure that you have the necessary authorizations to view and maintain exchange rates in the system.
  
  By following these steps, you should be able to resolve the T7023 error and ensure that the necessary exchange rates are available for your transactions.