Travel Agents & Currency Speculators

One of the problems with a floating exchange rate is that it introduces a new variable for businesses to consider. It makes business more complicated than it need be. How much time does Mr. Demeter spend on the issue of exchange rates? What happens if he’s wrong about the direction of the Aussie Dollar? How can he plan for the future when his profit margin can fluctuate wildly from month to month based on nothing more than his ability to guess the future value of the dollar?