Error: Warning: The exchange rate entered has a high variance for this transaction date

[cchong8]

Hi, I am new on Concur Expense. I am putting up my expenses report in UAE and credit card statement charge in Sinagpore currency. However, it shows error message "The exchange rate entered has a high variance for this transaction date". What should i do?

[KevinD]

@cchong8 I think you could just change the currency to SGD so then the system won't look at the exchange rate. Give that a try. As long as you are entering the correct amount you were charged in SGD, you should be fine.

[isabelrubio]

 I have the same issue, but with EUR. Not sure where is the problem as the invoice, the charge in the credit card and gthe charge in Concur are all in EUR. 

[samasuraj]

Hi  @cchong8 

Topic: Error: Warning: The exchange rate entered has a high variance for this transaction date

Please check the below. Hope this helps.

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This warning in SAP Concur Expense means the exchange rate entered for converting Singapore dollars (SGD) to UAE dirhams (AED) differs significantly from the rate Concur expects for the transaction date.

Recommended Solution:

1. Verify that the transaction currency is SGD and your reimbursement currency is AED.

2. Check the transaction date against the credit card statement.

3. If you manually entered the exchange rate, verify that it is correct and not reversed (SGD → AED versus AED → SGD).

4. If Concur allows it, restore the system-calculated exchange rate.

5. If the credit card statement reflects a different rate, attach the statement and contact your Expense Administrator before overriding the rate.

Important: Do not change the transaction date or currency simply to bypass the warning.

SAP Concur Community Manager KevinD also recommended entering SGD as the expense currency, with the correct amount charged in SGD, so Concur can handle the conversion.

Thanks & Regards

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Samantha Prathikantam

SF_EC & ECP / SAP Concur Consultant