For that budget (I assume that that's American, because you can get nothing if that number is in Canadian or Australian dollars), I have heard reasonably good reviews of
Starfire swords and
The Paul Chen Practical lineHowever, neither of those are actually designed for real cutting or combat. If you really want to get a sword, wait, save double that amount, and get a good quality one, either a
Bugei or
Swordstore blade for traditional Japanese weapons, or an
Angelsword for Western, Chinese, and non-traditionally mounted Japanese blades.