The River Spey runs along the western edge of Fochabers, and the walking here is excellent. The Speyside Way — a long-distance path that follows the river from Aviemore to Buckie — passes through the village, and even a short section of it gives a good sense of the river's character: wide, fast, peat-dark, with deep pools that salmon anglers pay serious money to fish.
The Old Spey Bridge, a handsome five-arched stone structure dating from 1804, is accessible on foot from the village and makes a good objective for a short walk. From it, you can look downstream to the modern road bridge and up into the wooded gorge above. The full Speyside Way to Spey Bay at the river mouth is around 10 miles (16 km) and can be walked in a day, with the chance of seeing ospreys, otters, and red squirrels along the way.