How To Fix T8197 - Exchange rate &1/&2 at &3 does not exist

SAP Error Message - Details

• Message type: E = Error

• Message class: T8 - Analysis system evaluations

• Message number: 197

• Message text: Exchange rate &1/&2 at &3 does not exist

What causes this issue?

No rate could be determined for currency pair &V1&/&V2& at &V3&. Either
the rate itself is not maintained or the necessary rate factors or
spreads could not be found.

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 relevant settings.

Procedure for System Administrators

Error message extract from SAP system. Copyright SAP SE.

Smart SAP Assistant

• What is the cause and solution for SAP error message T8197 - Exchange rate &1/&2 at &3 does not exist ?

  The SAP error message T8197 indicates that there is an issue with the exchange rate for a specific currency pair at a given date. The message typically appears when you are trying to perform a transaction that requires currency conversion, but the system cannot find the necessary exchange rate in the database.
  Cause:
  
  Missing Exchange Rate: The most common cause is that the exchange rate for the specified currency pair (e.g., USD to EUR) does not exist for the date you are trying to process.
  Incorrect Date: The date for which you are trying to retrieve the exchange rate may not be within the valid range of rates maintained in the system.
  Configuration Issues: There may be issues with the configuration of the currency settings in the SAP system.
  Data Entry Errors: There could be a typo or error in the currency codes or the date being used in the transaction.
  
  Solution:
  
  
  Check Exchange Rate Table: 
  
  Go to transaction code OB08 (or use the appropriate transaction for your version) to check the exchange rates maintained in the system.
  Verify if the exchange rate for the specified currency pair and date exists. If it does not, you will need to enter the correct exchange rate.
  
  
  
  Maintain Exchange Rates:
  
  If the exchange rate is missing, you can add it by using the same transaction (OB08). Enter the required currency pair, date, and exchange rate.
  
  
  
  Check Date Validity:
  
  Ensure that the date you are using for the transaction is correct and falls within the range of the maintained exchange rates.
  
  
  
  Review Configuration:
  
  If you suspect configuration issues, review the settings related to currency conversion in the SAP system. This may involve checking the currency types and settings in the Financial Accounting (FI) module.
  
  
  
  Consult Documentation:
  
  If you are unsure about how to maintain exchange rates or if you encounter further issues, consult the SAP documentation or reach out to your SAP support team for assistance.
  
  
  
  Related Information:
  
  Transaction Codes: 
  
  OB08: Maintain exchange rates.
  OBBS: Display exchange rates.
  
  
  Currency Types: Ensure that the currency types are correctly configured in the system.
  SAP Notes: Check for any relevant SAP Notes that may address specific issues related to exchange rates or this error message.
  
  By following these steps, you should be able to resolve the T8197 error and ensure that the necessary exchange rates are available for your transactions.