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

VAL110 - Overview

• 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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To make things easier, more detailed information is frequently added to describe the issue, how to fix it, and the necessary steps or configuration modifications.

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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