How To Fix UO083 - The ex.rate specified differs by more than &1% from the old value

SAP Error Message - Details

• Message type: E = Error

• Message class: UO - Maintain Currency Tables TCUR* for Euro Introduction

• Message number: 083

• Message text: The ex.rate specified differs by more than &1% from the old value

What causes this issue?

You have changed the exchange rate or the exchange rate ratios for one
of the euro <-> participating currency currreny pairs. This new value
differs by more than &v1&% from the value that you last entered or
which the system last defaulted.

How to fix this error?

Check your entry.

Error message extract from SAP system. Copyright SAP SE.

Smart SAP Assistant

• What is the cause and solution for SAP error message UO083 - The ex.rate specified differs by more than &1% from the old value ?

  The SAP error message UO083 indicates that the exchange rate you are trying to enter differs from the existing exchange rate by more than a specified percentage (denoted by &1). This is a validation check to prevent significant discrepancies in financial transactions due to exchange rate changes.
  Cause:
  
  Significant Exchange Rate Change: The new exchange rate you are trying to enter is significantly different from the previously recorded rate, exceeding the allowed threshold (e.g., 1%).
  Configuration Settings: The percentage threshold for acceptable changes in exchange rates may be configured in the system, and the new rate exceeds this limit.
  Data Entry Error: There may be a mistake in the data entry, leading to an incorrect exchange rate being input.
  
  Solution:
  
  Verify Exchange Rates: Check the current and previous exchange rates to ensure that the new rate is correct. You can do this by reviewing the exchange rate table in SAP (transaction code OB08).
  Adjust the Rate: If the new exchange rate is indeed correct but exceeds the threshold, you may need to adjust the rate to be within the acceptable range or consult with your finance team to confirm the new rate.
  Change Configuration: If necessary, you can adjust the configuration settings that define the acceptable percentage change for exchange rates. This can typically be done in the customizing settings under Financial Accounting.
  Consult Documentation: Review SAP documentation or consult with your SAP support team for specific guidance on handling exchange rates and this error message.
  
  Related Information:
  
  Transaction Codes: You may use transaction codes like OB08 (Maintain Exchange Rates) to view and edit exchange rates.
  SAP Notes: Check for any relevant SAP Notes that may address this error or provide additional context.
  User Permissions: Ensure that you have the necessary permissions to change exchange rates in the system.
  Testing: If changes are made to the configuration, it is advisable to test in a development or quality assurance environment before applying changes to the production system.
  
  By following these steps, you should be able to resolve the UO083 error and successfully enter the desired exchange rate.