How To Fix WXP022 - Determine an exchange rate type for plan version &

SAP Error Message - Details

• Message type: E = Error

• Message class: WXP - Retail Planning

• Message number: 022

• Message text: Determine an exchange rate type for plan version &

What causes this issue?

You want to enter or display planning data in a different currency than
the database currency for the planning scenario.
You require currency conversions to do this, that can be executed from
the plan version using the currency category.
No currency category has yet been defined for plan version &V1&.

System Response

It is not possible to enter planning for the planning currency &V2&
with plan version &V1&.

How to fix this error?

Define a currency category in Customizing for
<DS:SIMG.WIS_PLAN_0080>plan version</> &V1&.

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 WXP022 - Determine an exchange rate type for plan version & ?

  Certainly! Here's detailed information about the SAP error message:
  
  SAP Error Message:
  WXP022 - Determine an exchange rate type for plan version &
  
  Cause:
  This warning message occurs during planning or posting processes involving currency conversion in SAP. Specifically, the system is unable to determine the exchange rate type for the given plan version. 
  In SAP, exchange rate types define which exchange rate (e.g., average rate, spot rate) should be used when converting amounts between currencies. For plan versions (used in planning scenarios), the system requires a specific exchange rate type to perform currency conversions correctly.
  If the exchange rate type is not maintained or assigned for the plan version, the system cannot determine which rate to use, triggering this warning.
  
  When does it occur?
  
  During planning activities in CO-PA, COPA planning, or other planning transactions.
  When currency conversion is needed for plan data.
  When the system tries to fetch exchange rates for a plan version but finds no exchange rate type assigned.
  
  
  Solution:
  
  
  Assign an Exchange Rate Type to the Plan Version:
  
  Go to transaction OKKP (Maintain Plan Versions).
  Select the relevant plan version.
  Check the settings for currency conversion.
  Assign a valid exchange rate type (e.g., M = average rate, B = bank selling rate) to the plan version.
  
  
  
  Maintain Exchange Rates:
  
  Ensure that exchange rates for the assigned exchange rate type are maintained in transaction OB08 (Maintain Exchange Rates).
  Without valid exchange rates, even if the exchange rate type is assigned, currency conversion will fail.
  
  
  
  Check Customizing for Currency Conversion:
  
  In IMG, navigate to Controlling ? Profitability Analysis ? Planning ? Currency and Valuation ? Define Exchange Rate Types for Planning.
  Verify that the exchange rate types are properly defined and assigned.
  
  
  
  Review the Planning Version Settings:
  
  Sometimes, the plan version might be copied from another version that does not have exchange rate type assigned.
  Adjust the settings accordingly.
  
  
  
  
  Additional Information:
  
  Exchange Rate Types: SAP uses different exchange rate types to distinguish between various rates (e.g., average, spot, historical). The system needs to know which one to use for planning data.
  Plan Versions: These are versions of planning data used in CO-PA or other modules to separate actual data from planned data.
  Currency Conversion in Planning: Essential for consolidating and comparing data across currencies.
  
  
  Summary:
  
  
  
  Aspect
  Details
  
  
  
  
  Error Message
  WXP022 - Determine an exchange rate type for plan version &
  
  
  Cause
  No exchange rate type assigned to the plan version for currency conversion.
  
  
  Solution
  Assign a valid exchange rate type to the plan version in OKKP and maintain exchange rates in OB08.
  
  
  Related Transactions
  OKKP, OB08, IMG (Currency and Valuation settings)
  
  
  
  
  If you need further assistance, please provide the specific transaction or process where the error occurs, and I can help with more tailored guidance.