Set value and trigger action when dropdown value is changed [duplicate]

I have this React select dropdown:

const handleSyncList = () => {
    ......
};
const [exchangeId, setExchangeId] = useState('');

<select onSelect={e => setExchangeId(e.target.value)} onChange={handleSyncList}>
  <option value="">All Exchanges</option>
  {exchangesList.map(otherEntity => (
        <option value={otherEntity.exchangeId}>
          .......
        </option>
      ))
    : null}
</select>

I need to set the selected value to exchangeId and call handleSyncList.
Is it possible first to set the option value and then call handleSyncList?