I assume you are asking for an isomorphism
$$f: (\Bbb{Z}[\frac{1}{2}]/\Bbb{Z}, \; +) \simeq (\mu_{2^\infty}(\Bbb{C}), \; \cdot)$$
(left hand side: dyadic fractions modulo 1, right hand side: all $2^n$-th roots of unity in $\Bbb{C}$)
No big deal. Try the most obvious one defined by
$$f:\displaystyle \frac{1}{2^n} +\Bbb{Z} \mapsto exp\left(\frac{2\pi i}{2^n}\right).$$
(There are others: $$f_k = \displaystyle \frac{1}{2^n} +\Bbb{Z} \mapsto exp\left(k\frac{2\pi i}{2^n}\right)$$
works for every odd $k$ ($f$ is just $f_1$), actually it works for every $k \in \Bbb{Z}_2^*$. Try $k=3$ to see what happens. This is the actual place where the Pontryagin dual makes its entrance.) See "Added" below for more detail.
As for "translating", I assume you want to pull the $2$-adic absolute value on the LHS over to the RHS. Formally, you define $|\cdot|'_2$ on $\mu_{2^\infty}(\Bbb{C})$ via $|\xi|'_2 := |f^{-1}(\xi)|_2$. Again, nothing spectacular happens:
$$|\xi|'_2 = 2^n \Leftrightarrow \xi \text{ is a }primitive \:2^n\text{-th root of unity}.$$
Added: To say a bit more about the "$k$" above. For every $r\in \Bbb{Z}$, one has an endomorphism of the group to itself $x \mapsto rx$ (on the LHS) resp. $x\mapsto x^r$ (on the RHS). So far that is true for any abelian group. Now it turns out that in this case, one can even take $r$ from the much bigger set of $2$-adic integers $\Bbb{Z}_2 \supsetneq \Bbb{Z}$. Namely, this still makes sense because for each $x$ in the LHS (resp. RHS) there is some $n$ such that $2^nx = 0$ (resp. $x^{2^n} =1$), so to multiply (resp. exponentiate) that $x$ with $r\in \Bbb{Z}_2$ is just defined to be the same as $r'x$ (resp. $x^{r'}$) for an $r' \in \Bbb{Z}$ with $r' \equiv r$ mod $2^n$. One finds that all endomorphisms of the group are of that kind,
$$End(\Bbb{Z}[\frac{1}{2}]/\Bbb{Z}) = Hom(\Bbb{Z}[\frac{1}{2}]/\Bbb{Z}, \Bbb{Z}[\frac{1}{2}]/\Bbb{Z}) \simeq \Bbb{Z}_2 \qquad (*)$$
This is (a version of) Pontryagin duality.
Now, not all those endomorphisms are bijective (=automorphisms). In fact, exactly the ones with $r\in \Bbb{Z}_2^*$ are. (In fact, the identification (*) is a ring isomorphism, where composition in $End(\Bbb{Z}[\frac{1}{2}]/\Bbb{Z})$ corresponds to multiplication in $\Bbb{Z}_2$.) Whereas for $r \notin \Bbb{Z}_2^*$, the map $x \mapsto rx$ (resp. $x\mapsto x^r$) is not injective. Fun exercise: Find the kernel for $r=2^n$. Look at the example $r=2$. Second fun exercise: On the RHS, the endomorphism corresponding to $r=-1$ does the same as complex conjugation.
That all being said, we now have that for each $k\in \Bbb{Z}_2^*$, the map $\alpha_k: x \mapsto kx$ (resp. $\beta_k: x\mapsto x^k$) is a group automorphism -- i.e. an isomorphism of the group to itself -- on the LHS (resp. RHS). Now of course composing an isomorphism with an automorphism of the domain or codomain gives an isomorphism again. Now just notice that the above $f_k$ is nothing else than
$$ f_k = f\circ \alpha_k = \beta_k \circ f.$$
Final note: All this works, mutatis mutandis, if one replaces $2$ by any prime $p$. Also compare https://math.stackexchange.com/a/178771/96384 for the $p$-free version.