How To Fix VAL351 - Transaction exchange rate is being used instead of book exchange rate

VAL351 - Overview

• Message type: E = Error

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

• Message number: 351

• Message text: Transaction exchange rate is being used instead of book exchange rate

What causes this issue?

The valuation step requires the foreign exchange book rate on the
valuation key date for calculating the margin accrual in the valuation
currency. The system calculates the foreign exchange book rate from the
book values in position currency and valuation currency.
However, for this position the system could not determine the foreign
exchange book rate because at least one of the book values is 0 or the
book values have different plus/minus signs.

System Response

Instead of the foreign exchange book value, the system uses the
exchange rate that results from the spot amounts of the transaction.

How to fix this error?

The system issues an error message and will not allow you to continue with this transaction until the error is resolved.

Procedure for System Administrators

Error message extract from SAP system. Copyright SAP SE.

Smart SAP Assistant

• What is the cause and solution for SAP error message VAL351 - Transaction exchange rate is being used instead of book exchange rate ?

  The SAP error message VAL351 indicates that the system is using the transaction exchange rate instead of the book exchange rate for a particular valuation. This typically occurs in the context of asset accounting or when dealing with foreign currency transactions.
  
  Cause:
  The error can arise due to several reasons:
  
  Currency Settings: The system is configured to use the transaction exchange rate for certain transactions instead of the book exchange rate.
  Valuation Method: The valuation method set for the asset or transaction may be configured to use the transaction exchange rate.
  Missing Configuration: There may be missing or incorrect configuration in the currency settings for the company code or the asset class.
  Transaction Type: The transaction type being used may not be set up to allow the use of the book exchange rate.
  
  
  Solution:
  To resolve the VAL351 error, you can take the following steps:
  
  
  Check Configuration:
  
  Go to the configuration settings for your company code and asset class in