1Q102 - Exch. rate entry not permitted for EMU currencies - rate will be deleted

SAP Error Message - Details

• Message type: E = Error

• Message class: 1Q - Messages In-House Banking

• Message number: 102

• Message text: Exch. rate entry not permitted for EMU currencies - rate will be deleted

Self-Explanatory Message

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AnswerBot

• What is the cause and solution for SAP error message 1Q102 - Exch. rate entry not permitted for EMU currencies - rate will be deleted ?

  The SAP error message 1Q102 indicates that there is an issue with the exchange rate entry for EMU (European Monetary Union) currencies. This error typically arises when the system detects that an exchange rate entry for a currency that is part of the EMU is not permitted, leading to the deletion of the rate.
  Cause:
  
  Incorrect Configuration: The exchange rate configuration for EMU currencies may not be set up correctly in the system.
  Currency Type: The currency being used may not be classified correctly as an EMU currency.
  Missing Exchange Rate: There may be no valid exchange rate defined for the specific EMU currency in the system.
  Date Validity: The exchange rate may not be valid for the date being processed, or it may have been deleted or not maintained.
  
  Solution:
  
  
  Check Configuration:
  
  Go to the transaction code OB08 (Maintain Exchange Rates) and verify that the exchange rates for the EMU currencies are correctly maintained.
  Ensure that the currency type is set correctly for EMU currencies.
  
  
  
  Maintain Exchange Rates:
  
  If the exchange rate is missing, you can add it by entering the appropriate currency pair and the exchange rate for the required date.
  
  
  
  Review Currency Settings:
  
  Check the currency settings in the system to ensure that the currencies are classified correctly as EMU currencies.
  
  
  
  Check Validity Dates:
  
  Ensure that the exchange rates you are trying to use are valid for the date of the transaction. If necessary, update the rates for the required date.
  
  
  
  Consult Documentation:
  
  Review SAP documentation or consult with your SAP Basis or Finance team to ensure that the configuration aligns with the business requirements.
  
  
  
  Related Information:
  
  
  Transaction Codes: 
  
  OB08: To maintain exchange rates.
  OB22: To define currency types.
  
  
  
  SAP Notes: Check for any relevant SAP Notes that may address this specific error or provide additional guidance.
  
  
  Support: If the issue persists after checking the above points, consider reaching out to SAP support or your internal SAP support team for further assistance.
  
  
  By following these steps, you should be able to resolve the error message 1Q102 and ensure that exchange rates for EMU currencies are correctly maintained in your SAP system.