360-day calendar


The 360-day calendar is a method of measuring durations used in financial markets, in computer models, in ancient literature, and in prophetic literary genres.
It is based on merging the three major calendar systems into one complex clock, with the 360-day year derived from the average year of the lunar and the solar: + 354.3829 /2 = 719.6254/2 = 359.8127 days, rounding to 360.
A 360-day year consists of 12 months of 30 days each, so to derive such a calendar from the standard Gregorian calendar, certain days are skipped.
Example the 27 of June would be the 4 of July in the USA.

Ancient Calendars

Ancient calendars around the world initially used a 360 day calendar.

Rome

Romans initially used a calendar which had 360 days, with varying length of months.

India

The Rig Veda describes a calendar with twelve months and 360 days.

Mesoamerica

In the Mayan Long Count Calendar, the equivalent of the year, the tun, was 360 days.

Egypt

Ancient Egyptians also used a 360 day calendar.
One myth tells of how the extra 5 days were added.

Financial use

A duration is calculated as an integral number of days between startdate and enddate B. The difference in years, months and days are usually calculated separately:
There are several methods commonly available which differ in the way that they handle the cases where the months are not 30 days long, i.e. how they adjust dates:
; European method
; US/NASD method
; ISDA method
; BMA/PSA method
; Alternative European method
PackageFunctionVariant
Microsoft Excel and StarOffice/OpenOffice.orgDAYS360NASD, but not SIA-compliant
Microsoft Excel and StarOffice/OpenOffice.orgDAYS360European
Microsoft Excel and StarOffice/OpenOffice.orgYEARFRACNASD and European
SQL Server 2000 Analysis ServicesDays360
Mathworks Financial Toolboxdays360US/NASD
Mathworks Financial Toolboxdays360eEuropean
Mathworks Financial Toolboxdays360isdaISDA
Mathworks Financial Toolboxdays360psaPSA
GnumericDAYS360
Apple NumbersDAYS360NASD and European
Apple NumbersYEARFRACNASD and European