There are even some overseas funds that can be denominated in Hong Kong dollars or Singapore dollars.
For example, some Lian funds, such as DBS Bank, uob and Standard Chartered Citigroup, all have Asian investment funds, but they are basically based on Hong Kong or the whole Asian market.
If your daughter wants to study, I suggest that she can hold some Singapore dollars. After all, a person can only exchange foreign currency equivalent to 50 thousand dollars a year. When your daughter needs to go abroad temporarily, she may not be able to change so much at once.
Can you solve your problem?