select to_date('78/06/01','YY/MM/DD') from dual;
you might be expecting a date '1-Jun-1978' (might differ depending on your local nls settings), but you get surprisingly: '1-Jun-2078'.
Helpful is parameter RR instead of YY.
RR returns years from 21st century when given value is in range 0-49
and returns years from 20th century when given value is in range 50-99
For most cases you probably want:
select to_date('78/06/01','RR/MM/DD') from dual;
thanks
chris