The first option involving opening the FBR file in its native program is preferable because it's both easier and will probably result in a more accurate file conversion. Of course if you don't have a program that opens FBR files, a third-party file conversion tool (the second option) could be very useful.
Important: You cannot usually change a file extension (like the FBR file extension) to one that your computer recognizes and expect the newly renamed file to be usable. An actual file format conversion using one of the methods described above must take place in most cases.
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