2736077 - Error Enter rate when trying to change a project from Status Contract Preparation to In Execution

When trying to change a project from status Contract preparation to In Execution you get the error below:

• Enter rate XXX/YYY rate type ZZZZ for MM/DD/YYYY in the system settings.

SAP S/4HANA Cloud

1.  Go to Plan customer projects app.
2.  Select a project and click edit.
3. Change the status of the project to "In Execution".

The exchange rate is not correctly maintained.

Please follow the resolution of KBA 2705816.

Exchange rate, system settings, Contract Preparation, In execution, project, customer project, plan customer project, create customer project, error, Maintain Exchange Rates, status, project status , KBA , CA-CPD-SS , S/4HANA Public Cloud – Professional Service Projects , Problem