Currency rate calculation failed. Enter rate NGN / USD rate type M for 2012

[Former Member]

Full Error Text

Currency rate calculation failed. Enter rate NGN / USD rate type M for 20120229 in t

Message no. GMMASTERDATA039

This error came while trying to create a Foreign Currency grant. I have been able to work with foreign currency for invoices and it is correctly converted to the company code currency. This error therefore means that I need to maintain the currency conversion rate again for grants. Is this correct? Can anyone help?

[iklovski]

Hi,

Please, check if notes 1073820 and/or 1140979 apply to you.

Regards,

Eli

[Former Member]

Hello Eli,

I have managed to resolve the issue. The system was using the Indirect quote rates for the conversion however I have been maintaining the figures in direct quote. Once I did this, the error was resolved.

Cheers

[iklovski]

I think, 1073820 note should solve it also for indirect rate.