At Hula Global, invoicing currencies are determined based on the brand’s primary operating location. This approach ensures clarity, regulatory compliance, and ease of financial reconciliation for both clients and our internal finance teams.
This article explains the currencies used for invoicing and outlines how currency selection supports smooth cross-border transactions.
Overview of Invoicing Currencies
Hula Global issues invoices in the following currencies:
USD (United States Dollar) for brands based in the United States
INR (Indian Rupee) for brands based in India
USD (United States Dollar) for brands based in all other regions
Currency selection is standardised to reduce ambiguity, minimise conversion-related discrepancies, and align with international trade practices.
Invoicing for Brands Based in the United States
Currency Used: USD
All brands operating from or registered in the United States are invoiced in United States Dollars (USD).
Using USD for US-based brands ensures:
Consistency with domestic accounting practices
Simplified financial reporting and reconciliation
Avoidance of currency conversion fluctuations
Invoices issued in USD reflect the total payable amount as agreed in the commercial terms and do not include any currency conversion adjustments.
Invoicing for Brands based in India
Currency Used: INR
Brands operating from or registered in India are invoiced in Indian Rupees (INR).
INR invoicing allows:
Compliance with local financial and tax regulations
Ease of payment through domestic banking systems
Simplified reconciliation for Indian accounting standards
All applicable charges, including product development, sampling, production, and services, are reflected in INR for Indian clients.
Invoicing for Brands Rest in the World
Currency Used: USD
For brands based outside the United States and India, invoices are issued in USD.
USD is used as a standard international trade currency because it:
Is widely accepted across global banking systems
Reduces complexity in cross-border transactions
Ensures consistency for international clients
This approach enables smoother processing of payments and reduces dependency on multiple local currencies.
Why Currency Standardisation Matters
Standardising invoicing currencies helps:
Avoid confusion related to exchange rates
Reduce disputes arising from currency fluctuations
Maintain transparency in pricing and billing
All commercial terms, quotations, and invoices are aligned to the invoicing currency applicable to the brand’s location.
Exchange Rates and Currency Changes
Hula Global does not apply in real-time currency conversions on invoices. The invoice currency is fixed based on brand location, and clients are responsible for any bank-side conversion charges, if applicable.
Any currency conversion fees applied by banks or payment gateways are borne by the client and are outside the scope of invoicing adjustments.
Payment Alignment with Invoicing Currency
Clients are expected to make payments in the same currency as stated on the invoice.
For Example:
USD invoice must be settled in USD.
INR invoices must be settled in INR.
Payments made in a different currency may result in delays, short settlements, or reconciliation issues.
Special Considerations
In exceptional cases, alternative invoicing arrangements may be discussed. Any deviation from the standard invoicing currency must be:
Mutually agreed upon in writing.
Approved by Hula Global’s Finance team.
Reflected clearly in commercial documentation.
Such expressions are assessed on a case-by-case basis and are not guaranteed.
Need Clarification?
If you are unsure about:
Which currency applies to your invoice?
How is your brand location determined?
Payment alignment with invoicing currency.
It is advised to contact your account manager for clarification before initiating payment.
Summary
US-based brands are invoiced in USD.
India-based brands are invoiced in INR.
Brands in all other regions are invoiced in USD.
Payments must be made in the invoiced currency.
Currency conversion fees are borne by the client.
Conclusion
Hua Global’s invoicing currency policy is designed to ensure clarity, consistency, and ease of payment across geographies. By aligning invoicing currencies with brand location, we aim to simplify financial processes and support smooth, transparent transactions.
Clients are encouraged to review this policy carefully and reach out for assistance if further clarification is required. This approach enables efficient financial operations and long-term collaboration built on clear commercial terms.
Programs
If you are exploring the idea of starting a fashion brand – Join the Masterclass
If you are 100% sure of launching a clothing brand or are in the process of launching a clothing brand – Join the Bootcamp
If you are looking for a low MOQ supplier, inquire about the Co-pilot program.
If you have a private label brand and you are looking to scale up – Join our Private Label Program.
If you are looking for surplus & Liquidation deals – join our liquidation program.
If you are not sure about joining the bootcamp, – Join the Masterclass to get a feel of what Bootcamp has to offer and if you still have questions, you can email us at [email protected]