How To Fix VAL111 - The market exchange rate is used instead of the implicit exchange rate

VAL111 - Overview

• Message type: E = Error

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

• Message number: 111

• Message text: The market exchange rate is used instead of the implicit 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 VAL111 - The market exchange rate is used instead of the implicit exchange rate ?

  The SAP error message VAL111 indicates that the system is using the market exchange rate instead of the implicit exchange rate for a particular transaction. This typically occurs in the context of foreign currency valuation or when dealing with transactions that involve multiple currencies.
  
  Cause:
  
  
  Currency Settings: The implicit exchange rate is usually derived from the system's configuration and is based on the currency settings in the company code or the controlling area. If the implicit exchange rate is not defined or is not available for the specific currency pair, the system defaults to the market exchange rate.
  
  
  Missing Exchange Rate: The implicit exchange rate may not be maintained in the system for the relevant currency pair, leading the system to revert to the market exchange rate.
  
  
  Transaction Type: Certain transaction types may require the use of market exchange rates instead of implicit rates, depending on the configuration of the valuation methods.
  
  
  Valuation Method: The