Valday is a town and the administrative center of Valdaysky District in Novgorod Oblast, Russia, located on the southwestern shore of Lake Valdayskoye, the biggest one in the set of lakes in the highest region of the Valdai Hills, on the M10 Highway connecting Moscow and St. Petersburg, from Moscow and from Veliky Novgorod, the administrative center of the oblast. Population:

It was first mentioned in a chronicle in 1495. At the time, it was a part of Derevskaya Pyatina of the Novgorod Republic. The growth of Valday was facilitated by construction of a road connecting Novgorod to Central Russia and by the foundation of the Valday Iversky Monastery in 1653, which became a major cultural center. The famous monastery, built under the auspices of Patriarch Nikon in the 1650s, is located on one of the islands of Lake Valdayskoye.