Fred \f-red\ as a girl's name (also used as boy's name Fred), is a variant of Alfreda (Old German, Old English), Frederica (Old German) and Winifred (Welsh, Old English), and the meaning of Fred is "elf or magical counsel; peaceful ruler; holy, blessed reconciliation; joy and peace".
The baby name Fred sounds like Fredy, Fredi and Freda. Other similar baby names are Fryda, Frieda, Freeda, Freddy, Freddi, Breda, Brid, Bret, Dreda, Faren, Fran, Freyde, Freyda, Frida, Freida, Freada, Fredie, Fredia, Freya, Fredda and Reed.