3583060 - Currency Conversion Failure in New Bank-to-Bank Transfer.

An error message "Currency conversion failed due to missing Exchange rates. Maintain the Exchange rates for conversion from (for E.g., Euro to US Dollar) for Mid Rate' " is encountered when attempting to make a New bank-to-bank transfer.

SAP Business ByDesign

1. Navigate to Liquidity Management work center.
2. Select "New Bank-to-Bank Transfer" Common Tasks.
3. Fill with the required parameters.
4. Click "Post" or "Simulate Journal Entry" button.
5. The error message: "Currency conversion failed due to missing exchange rates. Maintain the exchange rates for conversion from (for E.g., Euro to US Dollar) for Mid Rate" is displayed.

The issue arises due to the absence of maintained exchange rates between the two currencies in the Set of Books. Please follow the steps below to check the the entire configuration:

To check the Set of Books:

1. Go to General Ledger work center.
2. Go to Sets of Books and Assigned Companies subview. 
3. Search for Company ID: XYZ (XYZ represents the company ID).
4. The Set of Books for the mentioned company will be found. 
5. In Details > General Information of the Set of Books, there is the Currency Conversion Profile: DEF (DEF represents the Currency Conversion Profile).

To check the Currency Conversion Profiles Configuration: 

1. Go to Business Configuration work center.
2. Go to Overview view. 
3. Search for activity: "Currency Conversion Profiles". 
4. Select the Currency Conversion Profile DEF.
5. Search for the Business Transaction Type. 
6. The Exchange Rate Type can be seen here as "123" (123 represents the Exchange Rate Type)

To check the Exchange Rate History:

1. Go to the General Ledger Work center.
2. Go to the Common Tasks view.
3. Go to the Edit Exchange Rates Subview.
4. Go to Edit Exchange History.
5. Enter the Exchange rate between the two currencies and Valid From Date for the required Exchange Rate Type, in this case 123.
6. Exchanges rates are not maintained here. 

Maintain the Exchange rates by following steps:

1. Navigate to the General Ledger Work center.
2. Go to the Common Tasks view.
3. Select the Edit Exchange Rates Subview.
4. Enter the Exchange rate between the two currencies and Valid From Date for the required Exchange Rate Type 123.

Refer to KBA: 2941597 - Currency Conversion Failed Due to Missing Exchange Rates for additional information.

Currency conversion failure, missing exchange rates, bank-to-bank transfer, General Ledger, Edit Exchange Rates, Set of Books. , KBA , SRD-FIN-CLM , Cash and Liquity Managment , Problem