Error "REVMGR-5002: Exchange rate not found for billing currency" is obtained if 'Average' foreign exchange rates are not defined for the date range.
Consider the use case where 'Average' exchange rate type is not used at all within the system; changing the default configuration to use 'Fixed' or 'Spot' instead. This error message occurs if the system does not have an foreign exchange rates defined for 'Average' type during the fiscal period although 'Average' is not being used in project financial properties, not used in Entity General Properties or not used in Project Transaction Entry Defaults.
Steps to Reproduce:
Caused by CLRT-73368
The Product Management team acknowledges that the functionality in this area needs to be redesigned in a future release, but there are no current plans to fix this issue at this time.
Define Foreign Exchange Rates for 'Average' to cover the fiscal time periods. Using the example above, define two records for both 'USD' to 'CAD' and 'CAD' to 'USD'.