2903725 - Error Message Exchange Rate does not exist while Posting Supplier Invoice

When trying to post a Supplier Invoice in YYY currency and Company Currency ZZZ. The below error messages are displayed:

Posting not possible; clarify exception first
Error occurred while trying to evaluation condition of a process step
Exchange Rate for XXX and YYY for Rate Type 001 does not exist for 123

(Here XXX, YYY and ZZZ represent currencies)

(Here 001 represents Rate type)

SAP Business ByDesign

Exchange rates, Supplier invoice error, Rate type, approval process, approval step, Error occurred while trying to evaluation condition of a process step , KBA , SRD-FIN-GL , General Ledger , AP-SIP , Supplier Invoice Processing , Problem