Repatriation means the conversion of any foreign currency into local currency.
It may be necessary to repatriate money in connection with business transactions, foreign investments or international travel.
Repatriation usually refers to the conversion of offshore capital back into the currency of the country in which the corporation is located in the corporate world.
Repatriation of currency can lead to losses and is associated with certain risks, such as currency risks.
US taxpayers must pay a transitional tax when they repatriate any money earned abroad.