Returns the serial date number that represents the date that falls after the start date by a given number of working days.
Syntax
NxWorkday(days, start_date, holidays, weekends)
- days
- is the whole number of working days (non-weekends and non-holidays) to advance to.
- start_date
- is the serial date number that represents the start date. If missing or omitted, the current date is used.
- holidays
- is an array of holiday serial date numbers, holiday (e.g. NYD,PRS)/calendar (e.g. USA, GBP, NYMEX) codes or a combination of them. If missing, the US public calendar is used.
- weekends
- is the default weekday and weekends convention. Argument is given as a weekend-number (1-7, 11-17) or a 7-character string code. If missing, the Western weekend convention is used.
Remarks
- Excel stores dates as sequential serial numbers so they can be used in calculations. By default, January 1, 1900 is serial number 1, and January 1, 2008 is serial number 39448 because it is 39,448 days after January 1, 1900.
- Most functions automatically convert date values to serial numbers.
- If Start_date is not a valid date, NxWORKDAY returns the #VALUE! error value.
- If days is not an integer, it is truncated.
- If Calendar is not recognized (i.e. not supported), NxWORKDAY returns the #VALUE! error value.
- If the final date is not a valid date, NxWORKDAY returns the #NUM! error value.
Examples
Example 1:
| Formula | Description (Result) |
|---|---|
| =NxWORKDAY (10,DATE(2010-12-12)) | 40539 |
| =NxWORKDAY (20,DATE(2010-12-12)) | 40554 |
| =NxWORKDAY (30,DATE(2010-12-12)) | 40569 |
| =NxWORKDAY (40,DATE(2010-12-12)) | 40583 |
Files Examples
References
- Hans-Peter Deutsch, Derivatives and Internal Models, Palgrave Macmillan (2002), ISBN 0333977068
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