USD
US Dollar
Default for Upwork, US startups, and most direct contracts. Highest volume — also where PayPal leakage hurts most.
Global receipts · local rupees
World currencies freelancers actually get paid in
The currency on the invoice is only half the story. Rails, spreads, and remittance paperwork decide what lands in India.
Major currencies
Practical notes for export-of-services freelancers — not live FX quotes. Pair this page with the FX Leak Calculator.
EUR
Euro
EU clients often prefer EUR invoices. Check whether your rail converts EUR→INR directly or via USD (double spread risk).
GBP
British Pound
Common with UK agencies. Wire fees and intermediate banks can nibble — compare Wise-class rails vs your bank.
AED
UAE Dirham
Dubai / Gulf contracts. Confirm purpose codes and documentation; don’t treat “cash-like” corridors casually.
SGD
Singapore Dollar
SEA tech clients. Often clean SWIFT trails; still compare all-in % against multi-currency wallets.
AUD
Australian Dollar
AU clients and agencies. Same rule: invoice currency ≠ final INR rate after platform + bank.
CAD
Canadian Dollar
Growing remote-work corridor. Watch platform withdrawal fees when clients pay in CAD but you cash out in USD.
INR
Indian Rupee
Home currency. EEFC-style holding (where eligible) and payout timing are money decisions, not just “get it converted today.”
What TaxVic optimises
All-in cost
Spread + fixed fees + forced intermediate conversions. We baseline your current method, then ledger the improvement.
Clean trails
FIRC-equivalent evidence, purpose codes, and GST/export alignment so a better rate doesn’t create a compliance mess.
Not live rates
This page is educational orientation for freelancers. It is not a currency converter and not RBI rate advice. For current policy notes, see RBI updates.
Reetu may add corridor-specific notes