How To Fix UPB_PL006 - Exchange rate type &1 is not available. Select another exchange rate type

SAP Error Message - Details

• Message type: E = Error

• Message class: UPB_PL - Message Class for Planning Interface

• Message number: 006

• Message text: Exchange rate type &1 is not available. Select another exchange rate type

Self-Explanatory Message

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Smart SAP Assistant

• What is the cause and solution for SAP error message UPB_PL006 - Exchange rate type &1 is not available. Select another exchange rate type ?

  The SAP error message UPB_PL006 indicates that the specified exchange rate type is not available in the system for the transaction you are trying to perform. This error typically occurs in the context of financial planning or budgeting processes, particularly when dealing with currency conversions.
  Cause:
  
  Missing Exchange Rate Type: The exchange rate type specified in your transaction does not exist in the system.
  Configuration Issues: The exchange rate type may not be configured correctly in the system.
  Date Issues: The exchange rate type may not have valid rates for the date of the transaction.
  Authorization Issues: The user may not have the necessary authorizations to access the specified exchange rate type.
  
  Solution:
  
  
  Check Exchange Rate Type:
  
  Go to the transaction code OB08 to check the exchange rate types configured in your system.
  Ensure that the exchange rate type you are trying to use is listed and active.
  
  
  
  Verify Exchange Rates:
  
  In the same transaction (OB08), check if there are valid exchange rates defined for the date of your transaction.
  If there are no rates, you may need to enter them.
  
  
  
  Change Exchange Rate Type:
  
  If the specified exchange rate type is not available, you can select another exchange rate type that is available in the system.
  
  
  
  Configuration:
  
  If you need to create a new exchange rate type, you can do so in the configuration settings. This typically requires access to the SAP Customizing Implementation Guide (IMG).
  Navigate to Financial Accounting (New) -> Financial Accounting Global Settings -> Currencies -> Define Exchange Rate Types.
  
  
  
  User Authorizations:
  
  Ensure that the user has the necessary authorizations to access the exchange rate type. This may involve checking user roles and permissions.
  
  
  
  Related Information:
  
  Transaction Codes: 
  
  OB08: Maintain exchange rates.
  OB07: Define exchange rate types.
  
  
  Documentation: Refer to SAP Help documentation for more details on managing exchange rates and types.
  Support: If the issue persists after checking the above points, consider reaching out to your SAP support team or consulting the SAP community for further assistance.
  
  By following these steps, you should be able to resolve the UPB_PL006 error and continue with your financial planning or budgeting activities in SAP.