How To Fix UCF2099 - Exchange & / & exchange rate type & is not defined in the current period

SAP Error Message - Details

• Message type: E = Error

• Message class: UCF2 - Messages for Currency Translation

• Message number: 099

• Message text: Exchange & / & exchange rate type & is not defined in the current period

What causes this issue?

For conversion of an amount to another currency, there is no entry for
exchange rate type &V3& for the current period in the table for exchange
rates.

System Response

For currency translation in the current period, the system uses the last
entry for the same exchange rate type in the table for exchange rate
that is from before the current period. For exchange rate type &V3&,
this is the exchange rate from period &V4& in the current period.

How to fix this error?

Check the entries in the table for exchange rates and if required add a
new entry for exchange rate type &V3& for the current period.

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 UCF2099 - Exchange & / & exchange rate type & is not defined in the current period ?

  The SAP error message UCF2099 indicates that a specific exchange rate type is not defined for the current period in the system. This error typically arises in the context of financial transactions that involve currency conversion, such as when posting documents or running reports that require exchange rate information.
  Cause:
  
  Missing Exchange Rate Definition: The exchange rate type specified in the transaction is not defined for the current period in the system.
  Incorrect Period: The transaction may be trying to access exchange rates for a period that is not open or defined in the system.
  Configuration Issues: There may be issues with the configuration of exchange rates in the system, such as missing entries in the relevant tables.
  
  Solution:
  
  
  Define Exchange Rate:
  
  Go to the transaction code OB08 (Maintain Exchange Rates).
  Check if the exchange rate type specified in the error message is defined for the relevant currency pair and for the current period.
  If it is not defined, you will need to enter the appropriate exchange rates for the required period.
  
  
  
  Check Period Status:
  
  Ensure that the period you are trying to post to is open. You can check this in the transaction code OB52 (Open and Close Posting Periods).
  If the period is closed, you may need to open it or adjust your transaction to a valid period.
  
  
  
  Review Configuration:
  
  Ensure that the exchange rate type is correctly configured in the system. This includes checking the settings in the relevant customizing transactions.
  Verify that the exchange rate type is assigned to the appropriate company codes and currencies.
  
  
  
  Consult Documentation:
  
  If you are unsure about the exchange rate types or how to maintain them, refer to SAP documentation or consult with your SAP functional consultant.
  
  
  
  Related Information:
  
  Exchange Rate Types: In SAP, exchange rate types are used to define how currency conversion is handled. Common types include M (average rate), B (bank buying rate), and G (bank selling rate).
  Currency Conversion: Understanding how currency conversion works in SAP is crucial for financial reporting and transactions.
  SAP Notes: Check for any relevant SAP Notes that may address specific issues related to exchange rates or provide additional guidance.
  
  By following these steps, you should be able to resolve the UCF2099 error and ensure that the necessary exchange rates are defined for your financial transactions.