Enter the exchange rate type for fiscal year &

What causes this issue?

You have included a new entry for fiscal year &V1& in the table without
specifying the exchange rate type.
In the control indicators of controlling area &V2&, however, the update
of all currencies is required for fiscal year &V1&. You must therefore
enter the exchange rate type.
Valid exchange rate types are defined in table TCURV.

System Response

The system issues an error message and will not allow you to continue with this transaction until the error is resolved.

How to fix this error?

Enter a valid exchange rate type, or
display all valid exchange rate types using the F4 function.

Error message extract from SAP system. Copyright SAP SE.