How To Fix VAL608 - The implicit foreign exchange rate was set to 1

VAL608 - Overview

• Message type: E = Error

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

• Message number: 608

• Message text: The implicit foreign exchange rate was set to 1

What causes this issue?

You wish to carry out a manual valuation for the position on &V1&. To
enable this, book values must have been defined in the system as at
&V1&.
The system determines an implicit foreign exchange rate from the book
values in position and valuation currency. This is not possible in this
case since at least one of the two book values is 0.

System Response

The implicit foreign exchange rate was set to 1.

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 VAL608 - The implicit foreign exchange rate was set to 1 ?

  The SAP error message VAL608, which states "The implicit foreign exchange rate was set to 1," typically occurs in the context of valuation or currency conversion processes within SAP. This error indicates that the system is using a foreign exchange rate of 1 for the conversion, which is often not appropriate for the transaction being processed. Here’s a breakdown of the cause, potential solutions, and related information:
  
  Cause:
  
  
  Missing Exchange Rate: The most common cause is that there is no valid exchange rate defined for the currency pair involved in the transaction. This can happen if the exchange rates have not been maintained in the system.
  
  
  Incorrect Configuration: The configuration settings for currency conversion or valuation may not be set up correctly, leading to the system defaulting to an exchange rate of 1.
  
  
  Date Issues: The date for which the exchange rate is being queried may not have a corresponding rate defined. If the