How To Fix UCF2011 - Exchange rate determination is not specified

SAP Error Message - Details

• Message type: E = Error

• Message class: UCF2 - Messages for Currency Translation

• Message number: 011

• Message text: Exchange rate determination is not specified

What causes this issue?

You want to translate a source key figure into a target key figure.
However, you have not specified the procedure to be used to determine
the exchange rate.

System Response

Customizing is incomplete. It cannot be saved in this form.

How to fix this error?

Specify a procedure for determining the exchange rate, and well as
additional parameters if necessary (such as the exchange rate type).

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.

Smart SAP Assistant

• What is the cause and solution for SAP error message UCF2011 - Exchange rate determination is not specified ?

  The SAP error message UCF2011, which states "Exchange rate determination is not specified," typically occurs in the context of financial transactions where currency conversion is required, but the system cannot find the necessary exchange rate information to perform the conversion.
  Cause:
  
  Missing Exchange Rate Type: The exchange rate type may not be defined in the system for the specific transaction or currency pair.
  Exchange Rate Not Maintained: The exchange rate for the required currency pair may not be maintained in the system for the relevant date.
  Configuration Issues: There may be configuration issues in the currency settings or in the financial module settings that prevent the system from determining the exchange rate.
  Transaction Type: The transaction type being processed may not have a defined exchange rate determination procedure.
  
  Solution:
  
  
  Check Exchange Rate Type:
  
  Go to the transaction code OB08 to maintain exchange rates.
  Ensure that the exchange rate type you are using is defined and has rates maintained for the relevant currencies.
  
  
  
  Maintain Exchange Rates:
  
  If the exchange rate is missing, you can enter the required exchange rates for the relevant currency pair and date.
  Make sure to maintain rates for all necessary periods (e.g., daily, monthly).
  
  
  
  Review Configuration:
  
  Check the configuration settings in the Financial Accounting (FI) module to ensure that the exchange rate determination is properly set up.
  Use transaction code OBBS to check the settings for exchange rate determination.
  
  
  
  Check Transaction Type:
  
  Verify that the transaction type you are using is correctly configured to use the appropriate exchange rate determination procedure.
  
  
  
  Consult Documentation:
  
  Review SAP documentation or consult with your SAP support team for specific configuration settings related to currency and exchange rates.
  
  
  
  Related Information:
  
  
  Transaction Codes:
  
  OB08: Maintain exchange rates.
  OBBS: Configure exchange rate determination.
  OB22: Define exchange rate types.
  
  
  
  SAP Notes: Check for any relevant SAP Notes that may address specific issues related to exchange rate determination.
  
  
  User Roles: Ensure that the user has the necessary authorizations to maintain exchange rates and access the relevant configuration settings.
  
  
  By following these steps, you should be able to resolve the UCF2011 error and ensure that exchange rates are properly determined for your financial transactions in SAP.