As Minty stated earlier, in this case I don't think the OP needs to do either encoding or encryption
as ive said, use immediate window and it will show what you typed on the "password-masked" textbox.
?Forms!yourForm!yourTextbox
i don't think you immediately encrypt each character as you type?
that would make your "text" longer than what you typed?
i submitted on sample db forum, totally replacing the character you typed with "*"
therefore, if you inspect it in immediate window you get "***", not the real text.
so reversal is totally not possible.