Elvy is a ♀ female name.
Elvy is a form of the name Elvi. Elvi is a Finnish or Estonian short form of Elviira and a Scandinavian short form of names beginning with “El-“, e.g. Elvina, Ellevi and Elva.
Elvy means “all true”, “trustworthy”, “foreign” or “carefree” and “exalted”, “warlike elf” and “guardian” (from Elviira), “noble friend” and “friend of the elves” (from Elvina) or “elf” (from Elva).