Talking Currencies (Crickets)

The topic that gets the least amount of responses on the blog is FX (for a lot of reasons).  But a quick question for the FX nerds on the list, have you seen any papers as to which currency valuation method has worked the best in the past?

Lots of acronyms here, (PPPs BEERs CHEERs and PEERs) but I don’t think I have seen much on comparing all of them from a portfolio manager or trading standpoint...though here is a nice DB PPT that briefly touches on it.

Do Currencies Have a “Fair Value”?
May 2011
George Saravelos
European FX Strategist