[python] How do you properly determine the current script directory?

Just use os.path.dirname(os.path.abspath(__file__)) and examine very carefully whether there is a real need for the case where exec is used. It could be a sign of troubled design if you are not able to use your script as a module.

Keep in mind Zen of Python #8, and if you believe there is a good argument for a use-case where it must work for exec, then please let us know some more details about the background of the problem.