I used to do this using xxd
echo -n 5a | xxd -r -p
But then I realised that in Debian/Ubuntu, xxd is part of vim-common and hence might not be present in a minimal system. To also avoid perl (imho also not part of a minimal system) I ended up using sed, xargs and printf like this:
echo -n 5a | sed 's/([0-9A-F]{2})/\\\x1/gI' | xargs printf
Mostly I only want to convert a few bytes and it's okay for such tasks. The advantage of this solution over the one of ghostdog74 is, that this can convert hex strings of arbitrary lengths automatically. xargs is used because printf doesnt read from standard input.
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