DAYS360
Definition of DAYS360
Returns the difference between two days based on the 360 day year used in some financial interest calculations.
Sample Usage
DAYS360(DATE(1969,7,16),DATE(1969,7,24),1)
DAYS360(A2,A3)
DAYS360(1,270,1)
Syntax
DAYS360(start_date, end_date, [method])
start_date
- The start date to consider in the calculation. Must be a reference to a cell containing a date, a function returning a date type, or a number.end_date
- The end date to consider in the calculation. Must be a reference to a cell containing a date, a function returning a date type, or a number.method
- [ OPTIONAL -0
by default ] - An indicator of what day count method to use.0 indicates the US method - Under the US method, if
start_date
is the last day of a month, the day of month ofstart_date
is changed to30
for the purposes of the calculation. Furthermore ifend_date
is the last day of a month and the day of the month ofstart_date
is earlier than the 30th,end_date
is changed to the first day of the month followingend_date
, otherwise the day of month ofend_date
is changed to30
.Any other value indicates the European method - Under the European method, any
start_date
orend_date
that falls on the 31st of a month has its day of month changed to30
.
Notes
This function is mostly used in a financial setting, for calculation involving fixed-income securities. Other usage is likely incorrect.
Ensure that the inputs to the function are either references to cells containing dates, functions which return date objects such as
DATE
,DATEVALUE
orTO_DATE
, or date serial numbers of the type returned by theN
function. Functions only accept literal dates in numeric format.DAYS360
does not auto-convert number formats. Therefore,DAYS360(10/10/2000,10/10/2001)
is interpreted asDAYS360(0.005,0.00499750124938)
, the quotients of 10 divided by 10 divided by 2000 and 2001, respectively.
See Also
YEARFRAC
: Returns the number of years, including fractional years, between two dates using a specified day count convention.
TO_DATE
: Converts a provided number to a date.
N
: Returns the argument provided as a number.
DATEVALUE
: Converts a provided date string in a known format to a date value.
DATE
: Converts a provided year, month, and day into a date.
In order to use the DAYS360 formula, start with your edited Excellentable:
Then type in the DAYS360 Formula in the area you would like to display the outcome:
By adding the values you would like to calculate the DAYS360 formula for, Excellentable will generate the outcome: