How To Fix TPM_TRG033 - No rate type exists for Accounting code &1 and valuation area &2

SAP Error Message - Details

• Message type: E = Error

• Message class: TPM_TRG - Treasury Position Management: Cross-Package Messages

• Message number: 033

• Message text: No rate type exists for Accounting code &1 and valuation area &2

What causes this issue?

Each valuation area is managed in a separate currency per accounting
code. Therefore, translations must be made to this currency. The
necessary rate type is not defined in the system.

System Response

The activity is terminated.

How to fix this error?

In the IMG activity 'Assign Accounting Codes and Valuation Areas',
define a rate type for the translation to valuation currency.

Procedure for System Administrators

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

Error message extract from SAP system. Copyright SAP SE.