How To Fix VAL110 - The exchange rate from OPEN is used instead of the book exchange rate

SAP Error Message - Details

• Message type: E = Error

• Message class: VAL - Treasury: Messages for General Valuation

• Message number: 110

• Message text: The exchange rate from OPEN is used instead of the book exchange rate

Self-Explanatory Message

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Smart SAP Assistant

• What is the cause and solution for SAP error message VAL110 - The exchange rate from OPEN is used instead of the book exchange rate ?

  The SAP error message VAL110 indicates that the system is using the exchange rate from the "OPEN" period instead of the book exchange rate for a particular transaction. This typically occurs in the context of foreign currency valuation or when dealing with financial transactions that involve multiple currencies.
  Cause:
  
  Exchange Rate Configuration: The system may not have the correct exchange rates defined for the relevant currency pair in the appropriate valuation date.
  Valuation Date: The valuation date may fall into a period where the book exchange rate is not defined, leading the system to default to the OPEN exchange rate.
  Period Settings: The financial period settings may not be correctly configured, causing the system to revert to the OPEN exchange rate.
  Currency Type: The currency type used in the transaction may not have a corresponding book exchange rate defined.
  
  Solution:
  
  
  Check Exchange Rate Configuration:
  
  Go to the transaction code OB08 to check the exchange rates defined for the relevant currency pair.
  Ensure that the book exchange rate is defined for the valuation date in question.
  
  
  
  Review Valuation Date:
  
  Verify that the valuation date used in the transaction is correct and falls within a period where the book exchange rate is defined.
  
  
  
  Adjust Financial Period Settings:
  
  Check the financial period settings in the system to ensure that they are correctly configured and that the relevant periods are open for posting.
  
  
  
  Define Missing Exchange Rates:
  
  If the book exchange rate is missing, you can define it in the system using the transaction code OB08.
  
  
  
  Consult Documentation:
  
  Review SAP documentation or consult with your SAP support team for specific configurations related to currency valuation and exchange rates.
  
  
  
  Related Information:
  
  
  Transaction Codes:
  
  OB08: Maintain exchange rates.
  OBB8: Maintain exchange rate types.
  F.05: Foreign currency valuation.
  
  
  
  SAP Notes: Check for any relevant SAP Notes that may address specific issues related to exchange rates and currency valuation.
  
  
  User Roles: Ensure that the user has the necessary authorizations to view and modify exchange rates and financial settings.
  
  
  By following these steps, you should be able to resolve the VAL110 error and ensure that the correct exchange rates are used in your financial transactions.