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The 30/360 calculation is listed on standard loan constant charts and is now typically used by a calculator or computer in determining mortgage payments. This method of treating a month as 30 days and a year as 360 days was originally devised for its ease of calculation by hand compared with the actual days between two dates.
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 [citation needed], with the 360-day year derived from the average year of the lunar and the solar: (365.2425 (solar) + 354.3829 (lunar))/2 = 719.6254/2 ...
These references represent a period of 1260 days (based on the 360 day Jewish year multiplied by 3.5). [4] Divide 1,260 days by 42 months and you will get a 30-day month, as 12 months of 30 days equals 360-days in a year These time periods occur ten times in scripture: Daniel 7:25, "time, times and a half". Daniel 9:27, "half one set of seven".
The number of days between two dates, which is simply the difference in their Julian day numbers. The dates of moveable holidays, like Christian Easter (the calculation is known as Computus) followed up by Ascension Thursday and Pentecost or Advent Sundays, or the Jewish Passover, for a given year. Converting a date between different calendars.
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If the spot date falls on the last business day of the month in the currency pair then the delivery date is defined by convention to be the last business day of the target month e.g. assuming all days are business days: if spot is at 30 April, a one-month time to expiry will make the delivery date 31 May. This is described as trading "end-end".
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Month-to-date (MTD) is a period starting at the beginning of the current calendar month and ending on either the current date or the last business day before the current date.