I posted about this before:
Brake fluid has to be extremely hydro-scopic ( absorbe moisture into it, and its so hydro-scopic it will pull moisture right out of air ), because if it were not,moisture that gets in it from just the air, would condense out and accumulate in the low sections and cause rust.
Also, if theres enough moisture to cause water in the brake fluid, when hot enough it would turn to steam and push brake fluid back into the master cylinder. Then the next time someone applied brake, the fluid from the master would only compress the steam some, but never cause enough pressure in wheel cylinders to apply brakes.
Also, the brake line metal has some copper in it to make it bendable, and also not brittle enough to crack from vehicle vibration. The copper leaches out of the metal and into the brake fluid. The control housing for valves for the ABS is made of aluminum. And it has very small passageways for the brake fluid.
Aluminum and copper are on opposite ends of the chemical electro-negativity scale. Which means they can be used to make a battery. It also means combine brake fluid with copper and water and the aluminum of the ABS will corrode and be destroyed. And replacement of the aluminum valve and motor body of an ABS ain't cheap. And just getting all the air out can be difficult and eat up a lot of expensive mechanic time.
So, if moisture and or copper content of brake fluid gets too high, it needs replaced.