Converting varbinary to varchar

I have a password field which is of varbinary. Since its a varbinary Icannot see the password in the database I only see hexadecimal values.Now my question is that how can I convert those hexadecimal values tostring or varchar so I can read the password.
any ideas ??

Not sure if you seen this or not, but it talks about ways to convert binary fields.

http://msdn.microsoft.com/library/default.asp?url=/library/en-us/tsqlref/ts_ca-co_2f3o.asp

Nick