Paz de Río is a town and municipality located in the Valderrama Province within the department of Boyacá, Colombia. The urban center of the municipality is situated on the Altiplano Cundiboyacense at an elevation of 2,200 metres (7,200 ft), while the overall municipal terrain ranges in elevation from 2,150 metres (7,050 ft) to 3,600 metres (11,800 ft).
The municipality is bordered by several neighboring areas: Sativanorte and Sativasur to the north; Betéitiva and Tasco to the south; Sativasur and Socha to the east; and Belén and Tutazá to the west.