Foreign currency valuation method is missing for selected valuation area

What causes this issue?

You have defined a valuation area for which the valuation is to be
created. However, you have not entered a foreign currency valuation
method for the respective currency type.

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?

Define a foreign currency valuation method for the requested currency
type.

Error message extract from SAP system. Copyright SAP SE.