The hanging hole can be placed along the top of the calendar or the bottom of the calendar.

The placement depends on the the artwork set-up and print spec. 

You can configure this option once you have uploaded your artwork.

Recommended hanging hole placement:

Portrait, 1 page per month, single sided: top of calendar
Landscape, 1 page per month, single sided: top of calendar
Portrait, 2 pages per month, double sided: bottom of calendar
Landscape, 2 pages per month, double sided: bottom of calendar

Screenshot example:

Taken from Document Preview page
Spec - A4 portrait, 1 page per month, single sided, hole at top of calendar

Calendar printing custom made

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