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# Excel DAYS360 Function

## on Mar 22, 2010

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This presentation is to define Excel's DAYS360 Function.

This presentation is to define Excel's DAYS360 Function.

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## Excel DAYS360 FunctionPresentation Transcript

• EXCEL DAYS360 FUNCTION 30/360 DAYS COUNT CONVENTION By Nooruddin Surani
• Introduction
• The Gregorian calendar is the internationally accepted civil calendar. But due to different number of days in different months makes it difficult to work on financial calculations using Gregorian calendar
• While working on Financial Models it is easy to deal with 30/360 days year as most of the financial, corporate & municipal institutions follow the same
Gregorian calendar. (2010, March 16). In Wikipedia, The Free Encyclopedia. Retrieved 15:25, March 19, 2010, from http://en.wikipedia.org/w/index.php?title=Gregorian_calendar&oldid=350173459 No. Name Days 1 January 31 2 February 28 or 29 3 March 31 4 April 30 5 May 31 6 June 30 7 July 31 8 August 31 9 September 30 10 October 31 11 November 30 12 December 31
• Working with 30/360 Days with Excel
• In Excel it is very easy to work with 30/360 Days Count Convention
• Syntax: =DAYS360(START_DATE, END_DATE, [METHOD])
• Where START_DATE is the first date and END_DATE is the last date of the period
• Example 1
• My date of birth is 7-Dec-1973 today’s date is 19-Mar-2010, follow the example to understand the same.
• Conclusion
• You can use Excel’s DAYS360 function to calculate difference in two dates
• This function will eliminate the confusion with Gregorian Calendar regarding different number of days in different months, even different number of days in leap years
• Syntax: =DAYS360(START_DATE, END_DATE, [METHOD])
• Where START_DATE is the first date and END_DATE is the last date of the period
• References
• Gregorian calendar. (2010, March 16). In Wikipedia, The Free Encyclopedia. Retrieved 15:25, March 19, 2010, from http://en.wikipedia.org/w/index.php?title=Gregorian_calendar&oldid=350173459