Etymology
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Words related to monthly

month (n.)

"one-twelfth part of a year; one of the twelve parts into which the calendar year is arbitrarily divided," Old English monað, from Proto-Germanic *menoth- (source also of Old Saxon manoth, Old Frisian monath, Middle Dutch manet, Dutch maand, Old High German manod, German Monat, Old Norse manaðr, Gothic menoþs "month"), which is related to *menon- "moon" (see moon (n.)). Originally the month was the interval between one new moon and the next (a sense attested from late Old English).

Its cognates mean only "month" in the Romance languages, but in Germanic they generally continue to do double duty. The development of the calendrical meaning for words from this root in Greek (mēn) and Latin (mensis) was accompanied by the creation of new words for "moon" (selēnē, luna). The phrase a month of Sundays "a very long time" is from 1832 (roughly 7 and a half months but never used literally).

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-ly (2)

common adverbial suffix, forming from adjectives adverbs signifying "in a manner denoted by" the adjective, Middle English, from Old English -lice, from Proto-Germanic *-liko- (cognates: Old Frisian -like, Old Saxon -liko, Dutch -lijk, Old High German -licho, German -lich, Old Norse -liga, Gothic -leiko); see -ly (1). Cognate with lich, and identical with like (adj.).

Weekley notes as "curious" that Germanic uses a word essentially meaning "body" for the adverbial formation, while Romanic uses one meaning "mind" (as in French constamment from Latin constanti mente). The modern English form emerged in late Middle English, probably from influence of Old Norse -liga.

-ly (1)

suffix forming adjectives from nouns and meaning "having qualities of, of the form or nature of" (manly, lordly), "appropriate to, fitting, suited to" (bodily, earthly, daily); irregularly descended from Old English -lic, from Proto-Germanic *-liko- (Old Frisian -lik, Dutch -lijk, Old High German -lih, German -lich, Old Norse -ligr), related to *likom- "appearance, form" (Old English lich "corpse, body;" see lich, which is a cognate; see also like (adj.), with which it is identical).

bimonthly (adj.)
also bi-monthly, 1846, "happening once in two months, every two months," also "occurring twice a month," a hybrid from bi- "two" + monthly. Bimensal in the same sense is attested in 1670s.
semi-monthly (adj.)
also semimonthly, 1809, from semi- + monthly.