Repatriation - Definition
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What is Repatriation?
In the broad sense, repatriation refers to when individuals who are foreign nationals are voluntarily or forcefully returned to their place of origin, Refugees, deportees, and aliens of other countries are returned to their country through repatriation.
Repatriation is the act of returning an item to its country of allegiance or country of origin. It is also a process of converting or returning a foreign currency into ones local currency. Repatriation often occurs in business deals, international relations or investments.
Risks Associated with Repatriation
Repatriation is not without any risks, especially when used by large corporations that have business outlets in different locations or countries. The major risk associated with repatriation is foreign exchange risk which results from the volatility or fluctuations in the exchange rate. If a company that made investment gains in the U.S, for instance, wants to convert the earnings to its local currency, Japan, the conversion will be subject for foreign exchange rate which means that the value of the earnings will be slightly different depending on the difference in the exchange rate of the two countries. Also, businesses located in foreign countries receive their income in the currency of the country in which they operate, such income or earnings are to be sent to the country of the business owner, it will be subject to the foreign exchange rate. Below are the essential points you should know about repatriation;
- Repatriation refers to a process or converting or returning an asset or item to its place of origin. It broadly refers to an act of returning a person or an item to its place of origin.
- For currency, it entails, converting foreign currency to ones local currency.
- Repatriation is also the act of retiring foreign nationals and individuals to their original country or place of allegiance.
- Repatriation common occur in the business world, foreign invesmnets, international relations, and international travel.
- Rapratraited funds in the corporate world refer to funds or earnings made offshore that are converted back to the currency where a business is a domicile.