Penny \p(en)-ny\ as a girl's name is pronounced PEN-nee. It is of English origin. Short form of Penelope (Greek) "weaver" also used as an independent name mostly in the 20th century.

Penny has 4 variant forms: Penee, Pennee, Penney and Pennie.

Baby names that sound like Penny are Benny, Penna and Peony.