An exchange rate type does not exist for client &

What causes this issue?

System error: an exchange rate type from table T822 could not be
determined for client &V1&.

System Response

For all TKA07 records of this client, the system sets the exchange rate
type to the initial value.

How to fix this error?

You must revise table TKA07 (plan versions) for client &V1& using
customizing.

Error message extract from SAP system. Copyright SAP SE.