How To Fix WS_RRLE047 - Rate determination procedure &1 (&2) only with local currency &3 (&4)

SAP Error Message - Details

• Message type: E = Error

• Message class: WS_RRLE - Settlement Document List

• Message number: 047

• Message text: Rate determination procedure &1 (&2) only with local currency &3 (&4)

Self-Explanatory Message

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• What is the cause and solution for SAP error message WS_RRLE047 - Rate determination procedure &1 (&2) only with local currency &3 (&4) ?

  Certainly! Here's a detailed explanation for the SAP error message:
  
  SAP Error Message:
  WS_RRLE047 Rate determination procedure &1 (&2) only with local currency &3 (&4)
  
  Meaning / Cause:
  This error occurs during the processing of exchange rates or currency conversion in SAP, specifically when a Rate Determination Procedure is used that is configured to work only with the local currency. The system detects that the currency involved in the transaction or exchange rate determination is not the local currency, which is not allowed by the procedure settings.
  
  &1 = Rate determination procedure name  
  &2 = Rate determination procedure description  
  &3 = Local currency (e.g., USD)  
  &4 = Currency used in the transaction or exchange rate (e.g., EUR)
  
  In other words, the rate determination procedure you are using is restricted to the local currency, but the system is trying to apply it to a different currency.
  
  When does it occur?
  
  When posting or processing exchange rates in Financial Accounting (FI) or Controlling (CO).
  When using currency translation or valuation functions.
  When the rate determination procedure is assigned to a currency translation but the currency is not the local currency.
  During automatic exchange rate determination in transactions like invoice posting, asset accounting, or foreign currency valuation.
  
  
  Cause Details:
  
  The rate determination procedure is configured to only allow exchange rates involving the local currency.
  The transaction or process attempts to use this procedure with a foreign currency pair that does not include the local currency.
  This mismatch triggers the error.
  
  
  Solution / How to fix:
  
  
  Check the Rate Determination Procedure Configuration:
  
  Go to transaction OB08 (Maintain Exchange Rates) or the relevant IMG path for rate determination procedures.
  Verify the settings of the rate determination procedure &1.
  Confirm if it is restricted to local currency only.
  
  
  
  Adjust the Rate Determination Procedure:
  
  If you need to use this procedure for currencies other than the local currency, modify the procedure to allow foreign currency pairs.
  Alternatively, create a new rate determination procedure that supports the required currency pairs.
  
  
  
  Assign Correct Rate Determination Procedure:
  
  Ensure that the correct rate determination procedure is assigned to the currency translation or valuation process.
  This can be checked in IMG under Financial Accounting ? General Ledger Accounting ? Valuation ? Define Rate Determination Procedures.
  
  
  
  Check Currency Settings:
  
  Verify that the currencies involved in the transaction are correctly maintained in the system.
  Ensure exchange rates exist for the currency pairs involved.
  
  
  
  Use Local Currency in Transactions:
  
  If the business process requires only local currency, ensure that transactions are posted in the local currency or use a procedure that supports foreign currencies.
  
  
  
  
  Additional Information:
  
  Rate Determination Procedure: Defines how exchange rates are selected and applied in currency translation.
  Local Currency: The company code currency or the currency defined as local in the system.
  Foreign Currency: Any currency other than the local currency.
  This error helps prevent incorrect exchange rate application that could lead to inaccurate financial postings.
  
  
  Summary:
  
  
  
  Aspect
  Details
  
  
  
  
  Error Message
  WS_RRLE047 Rate determination procedure &1 (&2) only with local currency &3 (&4)
  
  
  Cause
  Rate determination procedure restricted to local currency only, but used with foreign currency
  
  
  Solution
  Adjust procedure to allow foreign currencies or use correct procedure; verify currency and exchange rate settings
  
  
  Transaction Codes
  OB08 (Exchange Rates), OB22 (Rate Determination Procedures), relevant FI/CO transactions
  
  
  Related IMG Path
  Financial Accounting ? General Ledger Accounting ? Valuation ? Define Rate Determination Procedures
  
  
  
  
  If you need help with specific configuration steps or transaction codes, please let me know!