How To Fix UAVM116 - No exchange rate from currency type &2 to &3 for company code &1

SAP Error Message - Details

• Message type: E = Error

• Message class: UAVM - Messages from Valuation

• Message number: 116

• Message text: No exchange rate from currency type &2 to &3 for company code &1

Self-Explanatory Message

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Smart SAP Assistant

• What is the cause and solution for SAP error message UAVM116 - No exchange rate from currency type &2 to &3 for company code &1 ?

  The SAP error message UAVM116 indicates that there is no exchange rate defined for a specific currency type when trying to convert from one currency to another for a particular company code. This error typically arises in scenarios involving currency conversion, such as during the posting of transactions that involve foreign currencies.
  Cause:
  
  Missing Exchange Rate: The primary cause of this error is that there is no exchange rate defined in the system for the specified currency type (e.g., spot rate, average rate) between the two currencies involved.
  Incorrect Currency Type: The currency type specified may not be the one that is expected for the transaction.
  Company Code Configuration: The company code may not have the necessary configuration to handle the currency conversion for the specified currencies.
  Date Issues: The exchange rate may not be valid for the date of the transaction. Exchange rates are often date-sensitive, and if the rate is not maintained for the transaction date, this error can occur.
  
  Solution:
  
  
  Maintain Exchange Rates:
  
  Go to the transaction code OB08 (Maintain Exchange Rates).
  Check if there is an exchange rate defined for the currency type specified in the error message.
  If not, you will need to enter the appropriate exchange rate for the relevant currency pair and currency type.
  
  
  
  Verify Currency Type:
  
  Ensure that the currency type being used in the transaction is correct. You can check the configuration in the relevant transaction or document.
  
  
  
  Check Company Code Settings:
  
  Verify that the company code is correctly set up to handle the currencies involved. This includes checking the currency settings in the company code configuration.
  
  
  
  Review Transaction Date:
  
  Ensure that the transaction date falls within the range of valid exchange rates. If the exchange rate is not maintained for that date, you may need to add it.
  
  
  
  Consult Documentation:
  
  If you are unsure about the currency types or how to maintain exchange rates, refer to SAP documentation or consult with your SAP functional consultant.
  
  
  
  Related Information:
  
  Currency Types: In SAP, currency types are used to define how exchange rates are applied (e.g., spot rates, average rates).
  Transaction Codes: Familiarize yourself with relevant transaction codes such as OB08 (Maintain Exchange Rates), OBA1 (Maintain Company Code), and OX15 (Define Company Code).
  Exchange Rate Types: Different exchange rate types can be defined in SAP, and it is essential to ensure that the correct type is being used for the transaction.
  
  By following these steps, you should be able to resolve the UAVM116 error and ensure that currency conversions can be processed correctly in your SAP system.