Encoding, if you don't really care about encryption: It's easy to decode however
Byte[] buffer = Convert.FromBase64String(myBase64String1);
myBase64String2 = Convert.ToBase64String(buffer);
This SO question may be more appropriate. Its another fairly simple answer, not the stringest thing in the world, but nice.
I believe you should already have the RijndaelManaged Class and the top answer (by CraigTP) shows a simple wrapper to encrypt and decrypt strings with a pass phrase, which results in the same base64 encoding, but with the obvious advantage of a bit of encryption.
public static string Encrypt(string plainText, string passPhrase)
and public static string Decrypt(string plainText, string passPhrase)