The Cboe EuroCurrency Volatility Index (EVZ) is a valuable tool for investors who want to stay ahead of potential volatility in the euro/U.S. dollar exchange rate. The EVZ measures near-term projected volatility of the euro/dollar exchange rate, giving investors a snapshot of what to expect in the coming weeks or months. This information can help investors make more informed decisions about their portfolios and protect themselves from potential losses caused by currency fluctuations.The EVZ is calculated using options prices on the euro and U.S. dollar currencies traded on the Chicago Board Options Exchange (CBOE). It offers a real-time measure of expected volatility over the next 30 days, which can be helpful for both short-term and long-term investment strategies. The index has been shown to be an accurate predictor of future volatility in this currency pair, so it's worth keeping an eye on it if you're planning any transactions involving euros or dollars."