Lets be honest, 500$ isn't a hell of a lot of cash. At the time of this post the EUR is about at 1.4790, making the OP money worth 338 euro.
Give the lowest monthly average price over the last 12 months was Jan 07 with a rate of 1.2999, which would make the $ worth 384 euro
The different over the highest and lowest 12 month period is worth 46 euro to the OP.
Give that the all time high for the EUR is 1.4968 in late November 2007, a rate of which we're not far off now, tell me how the OP is better off waiting for the 'till the rate settles down', what even is waiting ''till the rate settles down'?
OP, what sort of a rate are you being quoted? Even a quote of another 10 figures off the current rate will only see a difference of 20 euro to you.
Ya, see what you mean. From what I heard over there, the $ can possible even get lower because they are going into a recession , the mortgage thing and some business, and on top of that they did not get the weather they expected for winter so shops lost out big time....