Best way to convert text files between character sets?

Question

What is the fastest, easiest tool or method to convert text files between character sets?

Specifically, I need to convert from UTF-8 to ISO-8859-15 and vice versa.

Answer 1

Get-Content -Encoding UTF8 FILE-UTF8.TXT | Out-File -Encoding UTF7 FILE-UTF7.TXT

The shortest version, if you can assume that the input BOM is correct:

gc FILE.TXT | Out-File -en utf7 file-utf7.txt