How To Fix UDMO_CWL_MSG_E001 - Currency &1 doesn't have exchange rate for currency &2

SAP Error Message - Details

• Message type: E = Error

• Message class: UDMO_CWL_MSG_E - OData Process Collections Worklist - Messages

• Message number: 001

• Message text: Currency &1 doesn't have exchange rate for currency &2

Self-Explanatory Message

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Smart SAP Assistant

• What is the cause and solution for SAP error message UDMO_CWL_MSG_E001 - Currency &1 doesn't have exchange rate for currency &2 ?

  The SAP error message UDMO_CWL_MSG_E001 indicates that there is no exchange rate defined for the specified currency pair in the system. This error typically occurs when you are trying to perform a transaction that involves currency conversion, and the system cannot find the necessary exchange rate to complete the operation.
  Cause:
  
  Missing Exchange Rate: The primary cause of this error is that the exchange rate between the two currencies (Currency &1 and Currency &2) has not been maintained in the system.
  Incorrect Currency Pair: The currencies specified may not be correctly defined or may not exist in the system.
  Date Validity: The exchange rate may not be valid for the date of the transaction. Exchange rates can be time-sensitive, and if the rate is not maintained for the specific date, this error can occur.
  Configuration Issues: There may be configuration issues in the currency settings or in the financial settings of the SAP system.
  
  Solution:
  
  
  Maintain Exchange Rates:
  
  Go to the transaction code OB08 (or the relevant transaction for maintaining exchange rates).
  Check if the exchange rate for the specified currency pair exists.
  If it does not exist, you will need to create a new entry for the exchange rate between the two currencies.
  Ensure that the exchange rate is valid for the date of the transaction.
  
  
  
  Check Currency Configuration:
  
  Verify that both currencies are correctly configured in the system.
  Ensure that they are active and properly defined in the currency settings.
  
  
  
  Review Transaction Date:
  
  Make sure that the transaction date falls within the validity period of the exchange rate.
  If necessary, update the exchange rate for the required date.
  
  
  
  Consult Documentation:
  
  Review SAP documentation or help resources for additional guidance on maintaining exchange rates and handling currency-related errors.
  
  
  
  Contact SAP Support:
  
  If the issue persists after checking the above points, consider reaching out to SAP support for further assistance.
  
  
  
  Related Information:
  
  Transaction Codes:
  
  OB08: Maintain exchange rates.
  OBBS: Display exchange rates.
  
  
  Currency Types: Ensure that you are aware of the different types of currencies (e.g., local currency, group currency, etc.) and how they are used in your SAP configuration.
  Exchange Rate Types: Different exchange rate types (e.g., spot rate, average rate) may be used depending on the business requirements, so ensure you are using the correct type.
  
  By following these steps, you should be able to resolve the error and ensure that the necessary exchange rates are maintained in your SAP system.