That would be 450€, and I think thats exactly the current wallet limit for EUR users.
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From steam FAQ:
Currently we are restricting Steam Wallet balances to $500. We also limit the maximum price of a single listing on the market to $400. You will be restricted from listing items for sale in the Community Market if the existing balance in your Steam Wallet, plus the sale price of the item(s), would together exceed the $500 limit. We may be raising the Steam Wallet balance limit, or otherwise changing this restriction, in the future. Note that, if you have multiple accounts, balances for all Steam Wallets associated with all of your accounts will be aggregated for purposes of applying this limit.
For other currencies, just whatever $500 is worth in that currency.
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That's not the case. Currencies changes in value compared to each other, so having a system that simply compares value would be problematic, as you could end up with some users going over the limit quite easily, and it would make it needlessly hard for the end user to know how much he/she can have in the wallet on any given day.
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You can have 440€ in your wallet according to this (which is not an official source).
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According to my link (on the first comment), you can have 450€. It's a screenshot taken directly from an Error Message on the steam community market, so I think it might be a better source than the one you posted.
Although I think there could be a difference for EUR Tier 1 and EUR Tier 2, so maybe both numbers are correct.
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