How To Fix W8435 - No exchange rate found for currency conversion '&1' -> '&2'

SAP Error Message - Details

• Message type: E = Error

• Message class: W8 - Workflow: Expressions, data flow

• Message number: 435

• Message text: No exchange rate found for currency conversion '&1' -> '&2'

What causes this issue?

The system tried to convert a currency amount from currency &V1& to
currency &V2&. No valid exchange rate was found for the conversion.

System Response

The conversion could not be performed.

How to fix this error?

Maintain the necessary exchange rate.

Procedure for System Administrators

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

Error message extract from SAP system. Copyright SAP SE.

Smart SAP Assistant

• What is the cause and solution for SAP error message W8435 - No exchange rate found for currency conversion '&1' -> '&2' ?

  Certainly! Here's a detailed explanation of the SAP error message:
  
  SAP Error Message:
  W8435 No exchange rate found for currency conversion '&1' -> '&2'
  
  Meaning / Cause:
  This warning message indicates that SAP could not find an exchange rate for the currency conversion from currency &1 (source currency) to currency &2 (target currency) for the specified date or period. This typically happens when:
  
  The exchange rate for the currency pair is not maintained in the system.
  The exchange rate is missing for the relevant exchange rate type (e.g., M for average rate, B for buying rate, etc.).
  The exchange rate is not maintained for the date on which the conversion is attempted.
  The currency pair is invalid or not supported.
  The exchange rate table or configuration is incomplete or incorrect.
  
  
  Where it occurs:
  
  During document posting or invoice processing when currency conversion is required.
  In financial postings, asset accounting, or any module where currency conversion is involved.
  When running reports or programs that require currency conversion.
  
  
  Solution / How to fix:
  
  
  Check Exchange Rate Maintenance:
  
  Go to transaction OB08 (or S_ALR_87003642 for exchange rate display).
  Verify if the exchange rate for the currency pair (&1 to &2) exists for the relevant date.
  If missing, maintain the exchange rate for the required date and exchange rate type.
  
  
  
  Maintain Exchange Rate Types:
  
  Confirm that the correct exchange rate type is used in the transaction.
  Exchange rate types are configured in OBBS or relevant IMG settings.
  Ensure the exchange rate type used in the posting or conversion is maintained.
  
  
  
  Check Currency Configuration:
  
  Verify that both currencies (&1 and &2) are correctly defined in the system (transaction OB08 or OB22).
  Ensure the currency codes are valid and active.
  
  
  
  Check Date of Conversion:
  
  The exchange rate must be maintained for the date on which the conversion is attempted.
  If the date is outside the maintained range, add the exchange rate for that date.
  
  
  
  Automatic Exchange Rate Updates:
  
  If your system is integrated with external exchange rate providers, check if the automatic update jobs are running correctly.
  Manually update exchange rates if necessary.
  
  
  
  Customizing and User Exits:
  
  If custom logic or user exits are used for currency conversion, verify that they handle exchange rates correctly.
  
  
  
  
  Additional Information:
  
  Message Class: W8 (Financial Accounting)
  Message Number: 435
  This is a warning message, so the system may allow posting but with potential incorrect currency values.
  It is important to maintain exchange rates properly to avoid incorrect financial reporting.
  Exchange rates are usually maintained daily or monthly depending on business requirements.
  For testing, you can try to convert currencies manually in transaction OB08 or use function modules like CONVERSION_EXIT_CURRENCY_INPUT or CONVERSION_EXIT_CURRENCY_OUTPUT.
  
  
  Summary:
  
  
  
  Aspect
  Details
  
  
  
  
  Error Message
  No exchange rate found for currency conversion '&1' -> '&2'
  
  
  Cause
  Missing exchange rate for currency pair and date
  
  
  Solution
  Maintain exchange rate in OB08 for the currency pair and date
  
  
  Transaction to fix
  OB08 (Maintain Exchange Rates)
  
  
  Notes
  Check exchange rate type and date; ensure currencies are valid
  
  
  
  
  If you need help maintaining exchange rates or further troubleshooting, feel free to ask!