There's almost absolutely no reason for you to profit from floating ringgit.
Why?. because everyone now is eyeing in China.
The decision to unpeg Ringgit in the light of Chinese renminbi is obvious.
Malaysia unpegged the ringgit 'right after' Chinese decided to unpeg theirs. By shadowing itself (or hiding) behind China's hot new renminbi,
(which took more than a decade to be floated in the market),
Ringgit could prevented itself from floating wildly.
Also, Ringgit now does not floated as it's used to. In fact, more management on the supply side. I can feel that it is something like 'lessen' the magnitude of the peg. In other words, it's actually still a peg 'in a certain range'.
Read these two articles :
Chinese renminbi :