An Olympiad (Greek: Ὀλυμπιάς, Olympiás) is a period of four years associated with the Olympic Games of the Ancient Greeks. During the Hellenistic period, beginning with Ephorus, it was used as a calendar epoch. Converting to the modern BC/AD dating system the first Olympiad began in the summer of 776 BC and lasted until the summer of 772 BC, when the second Olympiad would begin with the commencement of the next games. By extrapolation to the Gregorian calendar, the 2nd year of the 699th Olympiad begins in (Northern-Hemisphere) mid- summer 2018.
A modern Olympiad refers to a four -year period beginning on the opening of the Olympic Games for the summer sports. The first modern Olympiad began in 1896, the second in 1900, and so on (the 31st began in 2016 : see the Olympic Charter).
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