Fredy \f-re-dy\ as a girl's name is a variant of Alfreda (Old German, Old English) and Winifred (Welsh, Old English), and the meaning of Fredy is "elf or magical counsel; holy, blessed reconciliation; joy and peace".

The baby name Fredy sounds like Fredi, Freddy, Freda and Fred. Other similar baby names are Fryda, Frieda, Freeda, Freddi, Brady, Breda, Bridy, Trudy, Dreda, Freyde, Freyda, Frida, Freida, Freada, Fredie, Fredia, Freddey, Freya, Fredda and Prudy.