Updating the repository location for an existing SVN checkout

Consider the scenario of an SVN server with a dynamic IP: I check out a repository from svn://192.168.1.10/Repo. The开发者_如何学Gon I make a bunch of changes. Meanwhile, the IP on the server has rolled and it's now located at svn://192.168.1.12/Repo. How can I tell my existing checkout to update from/commit to that location?

Answer using TortoiseSVN would be preferred, but I can hold my own on the command prompt if needs be.

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Right-click on root folder and choose Relocate in TortoiseSVN options.